New Issue: Credit Suisse sells $285,000 accelerated barrier notes on oil & gas ETF

By Marisa Wong

Morgantown, W.Va., May 29 – Credit Suisse AG, London Branch priced $285,000 of 0% accelerated barrier notes due Nov. 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 ETF finishes at or above its initial level, the payout at maturity will be par plus 200% of the ETF return, subject to an underlying return cap of 27.25%.

If the ETF falls by up to 20%, the payout will be par.

Otherwise, investors will be fully exposed to the ETF decline.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Accelerated barrier notes
Underlying ETF:	SPDR S&P Oil & Gas Exploration & Production ETF
Amount:	$285,000
Maturity:	Nov. 25, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	If the ETF finishes at or above its initial level, par plus 200% of the ETF return, subject to an underlying return cap of 27.25%; if the ETF falls by up to 20%, par; otherwise, investors will be fully exposed to the ETF decline
Initial price:	$43.16
Knock-in level:	$34.528, 80% of initial price
Pricing date:	May 18
Settlement date:	May 25
Agent:	Credit Suisse Securities (USA) LLC
Fees:	None
Cusip:	22550WSR9

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