New Issue: Credit Suisse prices $15 million review notes on oil services ETF

By Wendy Van Sickle

Columbus, Ohio, June 10 – Credit Suisse AG, London Branch priced $15 million of 0% review notes due June 12, 2023 linked to the VanEck Vectors Oil Services ETF, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par plus a call premium of 17.1% per year if each underlying asset closes at or above its initial level on any annual review date, except for the final review date, in which case the call level will be 50% of the fund’s initial level.

If the notes are not called, the payout at maturity will be par plus the return.

J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA are the placement agents.

Issuer:	Credit Suisse AG, London Branch
Issue:	Review notes
Underlying ETF:	VanEck Vectors Oil Services ETF
Amount:	$15 million
Maturity:	June 12, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	1% loss for each 1% decline of worse performing stock, if notes are not called
Call:	At par plus a call premium of 17.1% per year if underlying asset closes at or above its initial level on any annual review date, except for the final review date, in which case the call level will be 50% of initial level
Initial level:	$136.71
Pricing date:	June 4
Settlement date:	June 9
Agents:	J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
Fees:	0.55%
Cusip:	22552W6K6

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