New Issue: Credit Suisse prices $3.1 million Ares linked to four funds

By Angela McDaniels

Tacoma, Wash., Jan. 30 – Credit Suisse AG, London Branch priced $3.1 million of 0% Accelerated Return Equity Securities due Jan. 30, 2018 linked to a basket of funds, according to a 424B2 filing with the Securities and Exchange Commission.

The equally weighted basket consists of the Energy Select Sector SPDR Fund, the Financial Select Sector SPDR Fund, the Industrial Select Sector SPDR Fund and the Materials Select Sector SPDR Fund.

If the basket return is positive, the payout at maturity will be par plus 150% of the basket return, subject to a maximum return of 15.75%. If the basket return is negative, investors will be exposed to the basket’s decline.

Credit Suisse Securities (USA) LLC is the underwriter.

Issuer:	Credit Suisse AG, London Branch
Issue:	Accelerated Return Equity Securities
Underlying basket:	Energy Select Sector SPDR Fund, Financial Select Sector SPDR Fund, Industrial Select Sector SPDR Fund and Materials Select Sector SPDR Fund, equally weighted
Amount:	$3.1 million
Maturity:	Jan. 30, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	If basket return is positive, par plus 150% of basket return, subject to 15.75% maximum return; if basket return is negative, exposure to basket’s decline
Initial share prices:	$74.95 for energy fund, $23.68 for financial fund, $64.39 for industrial fund and $52.86 for materials fund
Pricing date:	Jan. 25
Settlement date:	Jan. 30
Underwriter:	Credit Suisse Securities (USA) LLC
Fees:	1.85%
Cusip:	22548QT96

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