New Issue: Credit Suisse sells $900,000 accelerated return notes on oil and gas ETF

By Sarah Lizee

Olympia, Wash., Aug. 16 – Credit Suisse AG, London Branch priced $900,000 of 0% Accelerated Return Equity Securities due Sept. 20, 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.

The payout at maturity will be par plus 200% of any fund gain, up to a maximum payout of par plus 26%.

Investors will lose 1% for each 1% decline of the fund from its initial level.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Accelerated Return Equity Securities
Underlying fund:	SPDR S&P Oil & Gas Exploration & Production
Amount:	$900,000
Maturity:	Sept. 20, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 200% of any fund gain, up to a maximum payout of par plus 26%; 1% loss for each 1% decline of fund from initial level
Initial price:	$40.67
Pricing date:	Aug. 13
Settlement date:	Aug. 20
Agent:	Credit Suisse Securities (USA) LLC
Fees:	1.25%
Cusip:	22551L4A5

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