New Issue: Credit Suisse prices $933,000 digital barrier notes on gold, oil, retail funds

By Wendy Van Sickle

Columbus, Ohio, Feb. 7 – Credit Suisse AG, London Branch priced $933,000 of 0% digital barrier notes due March 5, 2019 linked to the least performing of the VanEck Vectors Gold Miners exchange-traded fund, the SPDR S&P Oil & Gas Exploration & Production ETF and the SPDR S&P Retail ETF, according to a 424B2 filing with the Securities and Exchange Commission.

If each fund finishes at or above its 70% knock-in level, the payout at maturity will be par plus the fixed return of 12%.

Otherwise, investors will receive par plus the return of the worst performing fund with full exposure to any losses.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Digital barrier notes
Underlying ETFs:	VanEck Vectors Gold Miners exchange-traded fund, SPDR S&P Oil & Gas Exploration & Production ETF and SPDR S&P Retail ETF
Amount:	$933,000
Maturity:	March 5, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	If each ETF finishes at or above 70% knock-in level, par plus 12%; otherwise, full exposure to decline of least-performing ETF
Initial levels:	$23.45 for gold ETF, $62.31 for banking ETF and $47.67 for retail ETF
Knock-in levels:	$16.415 for gold ETF, $43.617 for banking ETF and $33.369 for retail ETF; 70% of initial levels
Pricing date:	Jan. 30
Settlement date:	Feb. 2
Agent:	Credit Suisse Securities (USA) LLC
Fees:	0.725%
Cusip:	22550WBD8

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