Obbligazione Swiss Credit 2.5% ( XS1514681953 ) in CNY

Swiss Credit

100 CNY ⇌

Svizzera

XS1514681953 ( in CNY )

2.5% per anno ( pagato 1 volta l'anno)

15/11/2021 - Obbligazione è scaduto

Prospetto opuscolo dell'obbligazione Credit Suisse XS1514681953 in CNY 2.5%, scaduta

Credit Suisse è stata una grande banca svizzera, fallita nel marzo 2023 e acquisita da UBS.

The Obbligazione issued by Swiss Credit ( Switzerland ) , in CNY, with the ISIN code XS1514681953, pays a coupon of 2.5% per year.
The coupons are paid 1 time per year and the Obbligazione maturity is 15/11/2021

Execution Version

Final Terms dated 15 November 2016
Credit Suisse AG, London Branch
CNY 70,000,000 Callable Yield Securities due November 2021 (the "Securities")
Series: SPLB2016-4267
issued pursuant to the Trigger Redeemable and Phoenix Securities Base Prospectus
as part of the Structured Products Programme for the issuance of Notes, Certificates and
Warrants
PART A CONTRACTUAL TERMS
Terms used herein shall be deemed to be defined as such in the General Conditions and the Product
Conditions (as may be amended and/or supplemented up to, and including, the Issue Date) set forth in
the Base Prospectus dated 27 June 2016 as supplemented on 11 August 2016, 8 September 2016, 9
September 2016 and 10 November 2016, and as supplemented by any further supplements up to, and
including, the later of the Issue Date and the date of listing of the Securities, which together constitute
a base prospectus for the purposes of Directive 2003/71/EC, as amended from time to time, including
by Directive 2010/73/EU (the "Prospectus Directive"). This document constitutes the Final Terms of
the Securities described herein for the purposes of Article 5.4 of the Prospectus Directive and must be
read in conjunction with such Base Prospectus as so supplemented. A summary of the Securities is
annexed to these Final Terms. Full information on the Issuer and the offer of the Securities is only
available on the basis of the combination of these Final Terms and the Base Prospectus as so
supplemented. Copies of the Base Prospectus and each supplement may be obtained from the
registered office of the Issuer and the offices of the Agents specified herein.
These Final Terms comprise the final terms for the issue and admission to trading on the regulated
market of the Luxembourg Stock Exchange of the Securities. The Final Terms will be available for
viewing on the website of Luxembourg Stock Exchange (www.bourse.lu).
1.
Series Number:
SPLB2016-4267
2.
Tranche Number:
Not Applicable
3.
Applicable General Terms and General Note Conditions
Conditions:
4.
Type of Security:
Callable Yield Securities
5.
Settlement Currency:
Chinese Yuan ("CNY")
6.
Institutional:
Applicable
PROVISIONS RELATING TO NOTES Applicable
AND CERTIFICATES
7.
Aggregate Nominal Amount:

(i)
Series:
CNY 70,000,000

(ii)
Tranche:
Not Applicable
8.
Issue Price:
95.72 per cent. of the Aggregate Nominal Amount
- 1 -

9.
Specified Denomination:
CNY 10,000
10.
Minimum Transferable Number of One Security (of the Specified Denomination) and,
Securities:
thereafter, integral multiples of one Security (of the
Specified Denomination)
11.
Transferable Number of Securities:
Not Applicable
12.
Minimum Trading Lot:
Not Applicable
13.
Issue Date:
15 November 2016
14.
Maturity Date:
15 November 2021
15.
Coupon Basis:
Applicable: Fixed Rate Provisions
16.
Redemption/Payment Basis:
Fixed Redemption
17.
Put/Call Options:
Call (see paragraph 46 below)
PROVISIONS RELATING TO WARRANTS Not Applicable
(Paragraphs 18 to 28 have been intentionally deleted)
PROVISIONS RELATING TO COUPON AMOUNTS
29.
Fixed Rate Provisions (General Applicable
Note Condition 4 or General
Certificate Condition 4):

(i)
Rate(s) of Interest:
2.50 per cent. per annum

(ii)
Interest Commencement
15 November 2016
Date:

(iii)
Interest Payment Date(s):
The 15th day of each calendar month in each year
during the period commencing on, and including 15
December 2016, and ending on, and including, the 15
November 2021, in each case, subject to adjustment in
accordance with the Business Day Convention, for
purposes of payment only

(iv)
Interest Period:
Unadjusted

(v)
Business Day Convention:
Following Business Day Convention

(vi)
Interest Amount(s) per
Not Applicable
Security:

(vii)
Day Count Fraction:
30/360 (unadjusted basis)

(viii) Determination Date(s):
Not Applicable
30.
Floating Rate Provisions (General Not Applicable
Note Condition 4 or General
Certificate Condition 4):
31.
Premium Provisions (General Note Not Applicable
Condition 4 or General Certificate
Condition 4):
32.
Other Coupon Provisions (Product Not Applicable
- 2 -

Condition 2):
PROVISIONS RELATING TO REDEMPTION/SETTLEMENT
33.
Redemption Amount or (in the case Fixed Redemption
of Warrants) Settlement Amount
(Product Condition 3):

(i)
Redemption Option
Applicable: 100 per cent.
Percentage:

(ii)
Redemption Performance:
Not Applicable

(iii)
Redemption Amount
Not Applicable
Cap/Floor:

(iv)
Redemption Strike Price:
Not Applicable
34.
Initial Setting Date:
Not Applicable
35.
Initial Averaging Dates:
Not Applicable
36.
Final Fixing Date:
Not Applicable
37.
Averaging Dates:
Not Applicable
38.
Final Price:
Not Applicable
39.
Strike Price:
Not Applicable
40.
Knock-in Provisions:
Not Applicable
41.
Trigger Redemption (Product
Not Applicable
Condition 3(c)):
42.
Lock-in Redemption:
Not Applicable
43.
Details relating to Instalment Not Applicable
Securities:
44.
Physical Settlement Provisions Not Applicable
(Product Condition 4):
45.
Put Option:
Not Applicable
46.
Call Option:
Applicable

(i)
Optional Redemption
Each Interest Payment Date scheduled to fall during
Date(s):
the period from, and including, 15 December 2016 to,
and including, 15 October 2021

(ii)
Optional Redemption
Not Applicable
Exercise Date(s):

(iii)
Optional Redemption
In respect of an Optional Redemption Date, an amount
Amount:
equal to 100 per cent. of the Nominal Amount

(iv)
If redeemable in part:
Not Applicable

(a)
Minimum Nominal Not Applicable
Amount to be
redeemed:
- 3 -

(b)
Maximum Nominal Not Applicable
Amount to be
redeemed:

(v)
Notice period:
Not less than 5 Business Days
47.
Unscheduled Termination Amount:

(i)
Unscheduled Termination at Not Applicable
Par:

(ii)
Minimum Payment Amount:
Not Applicable

(iii)
Deduction for Hedge Costs:
Applicable
48.
Payment Disruption:
Applicable CNY Payment Disruption Provisions shall
apply: "CNY Financial Centre" shall be Hong Kong

(i)
Payment in Alternate
Applicable
Currency:

(ii)
Alternate Currency:
United States Dollar ("USD")

(iii)
Equivalent Amount FX Rate:
A number of units of the Reference Currency for a unit
of the Alternate Currency

(iv)
Equivalent Amount FX Rate Not Applicable
Page:

(v)
Equivalent Amount FX Rate Not Applicable
Time:

(vi)
Payment of Adjusted
Not Applicable
Amount:

(vii)
Reference Currency:
CNH
The Reference Jurisdiction shall be the People's
Republic of China and/or Hong Kong
The Specified Currency referred to in paragraph (a)(iii)
of the definition of "Payment Disruption Event" shall be
the Settlement Currency

(viii) Trade Date:
11 November 2016
49.
Interest and Currency Rate
Applicable
Additional Disruption Event:

Trade Date:
11 November 2016
UNDERLYING ASSETS
50.
List of Underlying Asset(s):
Not Applicable
51.
Equity-linked Securities:
Not Applicable
52.
Equity Index-linked Securities:
Not Applicable
53.
Commodity-linked Securities:
Not Applicable
54.
Commodity Index-linked Securities:
Not Applicable
- 4 -

55.
ETF-linked Securities:
Not Applicable
56.
FX-linked Securities:
Not Applicable
57.
FX Index-linked Securities:
Not Applicable
58.
Inflation Index-linked Securities:
Not Applicable
59.
Interest Rate Index-linked Not Applicable
Securities:
60.
Cash Index-linked Securities:
Not Applicable
61.
Multi-Asset Basket-linked Not Applicable
Securities:
62.
Valuation Time:
Not Applicable
GENERAL PROVISIONS
63.
(i)
Form of Securities:
Registered Securities

(ii)
Global Security:
Applicable

(iii)
NGN Form/Held under the Not Applicable
NSS:

(iv)
Intended to be held in a No
manner which would allow
Eurosystem eligibility:

(v)
The Issuer intends to permit Not Applicable
indirect interests in the
Securities to be held
through CREST Depository
Interests to be issued by
the CREST Depository:
64.
Financial Centre(s):
Hong Kong
65.
Business Centre(s):
Hong Kong
66.
Listing and Admission to Trading:
Applicable

(i)
Exchange(s) to which
Luxembourg Stock Exchange
application will initially be
made to list the Securities:

(ii)
Admission to trading:
Application will be made for the Securities to be
admitted to trading on the Regulated Market of the
Luxembourg Stock Exchange with effect from the
Issue Date provided, however, no assurance can be
given that the Securities will be admitted to trading on
the Regulated Market of the Luxembourg Stock
Exchange or listed on the Official List of the
Luxembourg Stock Exchange on the Issue Date or any
specific date thereafter.
67.
Security Codes and Ticker

Symbols:

ISIN:
XS1514681953
- 5 -

Common Code:
151468195

Swiss Security Number:
Not Applicable

Telekurs Ticker:
Not Applicable

WKN Number:
Not Applicable
68.
Clearing and Trading:

Clearing System(s) and any Euroclear Bank S.A./N.V. and Clearstream Banking,
relevant identification number(s):
société anonyme
69.
Delivery:
Delivery against payment
70.
Agents:

Calculation Agent:
Credit Suisse International
One Cabot Square
London E14 4QJ

Fiscal Agent:
The Bank of New York Mellon, acting through its
London Branch
One Canada Square
London E14 5AL

Paying Agent(s):
The Bank of New York Mellon, acting through its
London Branch
One Canada Square
London E14 5AL

Additional Agents:
Applicable

Transfer Agent:
The Bank of New York Mellon, acting through its
London Branch
One Canada Square
London E14 5AL

The Bank of New York Mellon (Luxembourg) S.A.
Vertigo Building Polaris
2-4 rue Eugene Ruppert
L-2453 Luxembourg

Registrar:
The Bank of New York Mellon (Luxembourg) S.A.
Vertigo Building Polaris
2-4 rue Eugene Ruppert
L-2453 Luxembourg

71.
Dealer(s):
Credit Suisse International
72.
Specified newspaper for the Not Applicable
purposes of notices to
Securityholders:
73.
Additional Provisions:
Not Applicable
- 6 -

PART B OTHER INFORMATION

Fixed Rate Securities only YIELD
Indication of yield:
3.49 per cent.
The yield is calculated as at the Issue Date on
the basis of the Issue Price and the Redemption
Amount at maturity. It is not an indication of
future yield.
Interests of Natural and Legal Persons involved in the Issue
So far as the Issuer is aware, no person involved in the issue of the Securities has an interest
material to the issue, save for any fees payable to the distributors.
The Dealer will pay a fee to the distributors in connection with the issue of up to 3 per cent. of the
Specified Denomination per Security upfront. The Issue Price and the terms of the Securities take
into account such fee.
REASONS FOR THE OFFER, ESTIMATED NET PROCEEDS AND TOTAL EXPENSES
(i)
Reasons for the offer:
See "Use of Proceeds" in the Base Prospectus
(ii)
Estimated net proceeds:
CNY 69,965,000
(iii)
Estimated total expenses:
CNY 35,000
Rating

The Securities have been provisionally rated "A" by Fitch.
"A" by Fitch: An "A" rating denotes expectations of low default risk. The capacity for payment of
financial commitments is considered strong. This capacity may, nevertheless, be more vulnerable
to adverse business or economic conditions than is the case for higher ratings.
The ratings are by registered rating agencies established in the EU.

Signed on behalf of the Issuer:

By: ______________________
Duly authorised

By: ______________________
Duly authorised

51448900/Ashurst(WFUNG)/IH/JC
- 7 -

SUMMARY OF THE SECURITIES
Summaries are made up of disclosure requirements known as "Elements". These Elements are
numbered in sections A E (A.1 E.7).
This Summary contains all the Elements required to be included in a summary for these types of
Securities and the Issuer. Because some Elements are not required to be addressed, there may be
gaps in the numbering sequence of the Elements.
Even though an Element may be required to be inserted in the summary because of the type of
Securities and Issuers, it is possible that no relevant information can be given regarding such Element.
In this case a short description of the Element is included in the summary and marked as "Not
applicable".
Section A Introduction and Warnings
A.1
Introduction
This Summary should be read as an introduction to the Base
and Warnings:
Prospectus. Any decision to invest in Securities should be based on
consideration of the Base Prospectus as a whole by the investor.
Where a claim relating to the information contained in the Base
Prospectus is brought before a court, the plaintiff investor might, under
the national legislation of the relevant Member State, have to bear the
costs of translating the Base Prospectus before the legal proceedings
are initiated.
Civil liability only attaches to those persons who have tabled the
summary including any translation thereof, but only if the summary is
misleading, inaccurate or inconsistent when read together with the other
parts of the Base Prospectus or it does not provide, when read together
with the other parts of the Base Prospectus, key information in order to
aid investors when considering whether to invest in the Securities.
A.2
Consent(s):
Not applicable; the Issuer does not consent to the use of the Base
Prospectus for any subsequent resale of the Securities.
Section B - Issuer
B.1
Legal and
Credit Suisse AG ("CS"), acting through its London Branch
commercial
(the "Issuer").
name of the
Issuer:
B.2
Domicile and
CS is a Swiss bank and joint stock corporation established under
legal form of the
Swiss law on 5 July 1856 and operates under Swiss law. Its registered
Issuer,
head office is located at Paradeplatz 8, CH-8001, Switzerland.
legislation under
which the
Issuers operates
and country of
incorporation of
Issuer:
B.4b
Known trends
Not applicable - there are no known trends, uncertainties, demands,
with respect to
commitments or events that are reasonably likely to have a material
the Issuer and
effect on the prospects of the Issuer for its current financial year.
the industries in
which it
operates:

8

B.5
Description of
CS is a wholly owned subsidiary of Credit Suisse Group AG. CS has a
group and
number of subsidiaries in various jurisdictions.
Issuers' position
within the group:
B.9
Profit forecast or Not applicable; no profit forecasts or estimates have been made by the
estimate:
Issuer.
B.10
Qualifications in
Not applicable; there were no qualifications in the audit report on
audit report on
historical financial information.
historical
financial
information:
B.12
Selected key
CS
financial
information; no
In CHF million
Year ended 31 December
material adverse
change and

2015
2014
description of
significant
Summary information 

change in
consolidated statements of
financial
operations
position of the
Issuer:
Net revenues
23,211
25,589
Total operating expenses
25,873
22,503
Net income/(loss)
(3,377)
1,764
Summary information 

consolidated balance sheet
Total assets
803,931
904,849
Total liabilities
759,241
860,208
Total equity
44,690
44,641
In CHF million
Nine months ended 30
September (unaudited)

2016
2015
Summary information 

consolidated statements of
operations
Net revenues
14,709
19,098
Total operating expenses
15,049
15,410
Net income/(loss)
(398)
2,475
Summary information 
Nine months
Year ended
consolidated balance sheet
ended 30
31 December
September
2015
2016
(unaudited)
Total assets
789,158
803,931

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Total liabilities
744,874
759,241
Total equity
44,284
44,690

There has been no material adverse change in the prospects of the
Issuer and its consolidated subsidiaries since 31 December 2015.
There has been no significant change in the financial position of the
Issuer and its consolidated subsidiaries since 30 September 2016.
B.13
Recent events
Not applicable; there are no recent events particular to the Issuer
particular to the
which are to a material extent relevant to the evaluation of the Issuer's
Issuer which are
solvency.
to a material
extent relevant
to the evaluation
of the Issuer's
solvency:
B.14
Issuer's position
See Element B.5 above.
in its corporate
group and
Not applicable; CS is not dependent upon other members of its group.
dependency on
other entities
within the
corporate group:
B.15
Issuer's
CS' principal activities are the provision of financial services in the
principal
areas of investment banking, private banking and asset management.
activities:
B.16
Ownership and
CS is a wholly owned subsidiary of Credit Suisse Group AG.
control of the
Issuer:
B.17
Ratings:
CS has been issued a senior unsecured long-term debt rating of "A" by
Standard & Poor's, a senior long-term debt rating of "A" by Fitch and a
senior long-term debt rating of "A2" by Moody's.
The Securities have been provisionally rated "A" by Fitch.
Section C Securities
C.1
Type and class
The securities (the "Securities") are notes. The Securities are Callable
of securities
Yield Securities. The Securities are redeemable at the option of the
being offered
Issuer and will pay fixed interest.
and security
identification
The Securities of a Series will be uniquely identified by ISIN:
number(s):
XS1514681953, Common Code: 151468195.
C.2
Currency:
The currency of the Securities will be Chinese Yuan ("CNY") (the
"Settlement Currency").
C.5
Description of
The Securities have not been and will not be registered under the U.S.
restrictions on
Securities Act of 1933 (the "Securities Act") and may not be offered or
free
sold within the United States or to, or for the account or benefit of, U.S.
transferability of
persons except in certain transactions exempt from the registration
the Securities:
requirements of the Securities Act and applicable state securities laws.
No offers, sales or deliveries of the Securities, or distribution of any

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