By Susanna Moon
Chicago, Sept. 23 – Credit Suisse AG, London Branch priced $1.39 million of 0% accelerated barrier notes due March 25, 2019 linked to the SPDR S&P Oil & Gas Exploration & Production exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the fund finishes at or above the initial level, the payout at maturity will be par plus 125% of the return, up to an underlying return cap of 90%.
If the fund falls by up to the 65% knock-in level, the payout will be par.
Otherwise, investors will be fully exposed to any losses.
Credit Suisse Securities (USA) LLC is the underwriter.
| Issuer: | Credit Suisse AG, London Branch
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| Issue: | Accelerated barrier notes
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| Underlying fund: | SPDR S&P Oil & Gas Exploration & Production ETF
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| Amount: | $1.39 million
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| Maturity: | March 25, 2019
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If fund gains, par plus 125% of return, up to 90% cap; if fund falls by up to knock-in level, par; otherwise, full exposure to any losses
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| Initial share price: | $35.13
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| Knock-in level: | 65% of initial level
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| Pricing date: | Sept. 18
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| Settlement date: | Sept. 25
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| Underwriter: | Credit Suisse Securities (USA) LLC
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| Fees: | 2.9%
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| Cusip: | 22546VKV7
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