New Issue: Credit Suisse sells $944,000 autocallable securities on oil and gas ETF

By Wendy Van Sickle

Columbus, Ohio, July 10 – Credit Suisse AG, London Branch, priced $944,000 of 0% autocallable securities due July 6, 2020 linked to the SPDR S&P Oil & Gas Exploration & Production exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par plus a premium of 14.25% a year if the fund closes at or above its initial level on an annual observation date.

If the fund return is positive, the payout at maturity will be par plus 42.75%. Otherwise, investors will lose 1% for each 1% decline.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Autocallable securities
Underlying ETF:	SPDR S&P Oil & Gas Exploration & Production
Amount:	$944,000
Maturity:	July 6, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If the fund return is positive, par plus 42.75%; otherwise, investors will lose 1% for each 1% decline
Call:	At par plus 14.25% per year if index closes at or above its initial level on an annual observation date
Initial price:	$31.70
Pricing date:	June 29
Settlement date:	July 5
Agents:	Credit Suisse Securities (USA) LLC
Fees:	3.2%
Cusip:	22550BAW3

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