New Issue: Credit Suisse prices $300,000 return enhanced notes tied to energy fund

By Wendy Van Sickle

Columbus, Ohio, July 19 – Credit Suisse AG, London Branch priced $300,000 of 0% return enhanced notes due Aug. 2, 2017 linked to the Energy Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the fund return is positive, the payout at maturity will be par plus 3 times the fund return, subject to a maximum return of 24.15%. Investors will be fully exposed to any loss in the fund.

J.P. Morgan Securities LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Return enhanced notes
Underlying fund:	Energy Select Sector SPDR
Amount:	$300,000
Maturity:	Aug. 2, 2017
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 3 times any fund gain, up to 24.15% maximum return; full exposure to any fund loss
Initial level:	$69.23
Final index level:	Average of fund’s closing levels on five trading days ending July 28, 2017
Pricing date:	July 15
Settlement date:	July 20
Agent:	J.P. Morgan Securities LLC
Fees:	1%
Cusip:	22548QCB9

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