Obligation Swiss Credit 0% ( SE0007897277 ) en SEK

Swiss Credit

100 % ▲

Suisse

SE0007897277 ( en SEK )

13/03/2023 - Obligation échue

Prospectus brochure de l'obligation Credit Suisse SE0007897277 en SEK 0%, échue

10 000 SEK

500 000 000 SEK

Credit Suisse était une grande banque suisse, active dans la gestion de fortune, l'investissement bancaire et les services financiers, avant sa prise de contrôle par UBS en mars 2023 suite à une crise de confiance.

L'Obligation émise par Swiss Credit ( Suisse ) , en SEK, avec le code ISIN SE0007897277, paye un coupon de 0% par an.
Le paiement des coupons est annuel et la maturité de l'Obligation est le 13/03/2023

Execution Version
Credit Suisse AG, London Branch
Up to SEK 500,000,000 Notes linked to a basket of Shares, due March 2023
(the "Notes" or the "Securities")
Series SPLB2015-0G0F
(ISIN: SE0007897277)
Issue Price: 100 per cent. (100%) of the Aggregate Nominal Amount
Summary and Securities Note
This document comprises two parts:

Part One is a summary of the Registration Document and Securities Note (the "Summary");
and

Part Two is a securities note (the "Securities Note").
The Summary and Securities Note contain information relating to the above Securities.
Registration Document
The Summary and Securities Note shall be read in conjunction with the registration document dated
19 August 2015 (the "Original Registration Document"), as supplemented by a supplement dated 4
November 2015 and a supplement dated 4 December 2015 (the Original Registration Document as
so supplemented, the "Registration Document") containing information in respect of Credit Suisse
AG, acting through its London Branch (the "Issuer").
Prospectus
Together, the Registration Document, the Summary and the Securities Note constitute a "prospectus"
(the "Prospectus") for the Securities, prepared for the purposes of Article 5.3 of Directive
2003/71/EC, as amended from time to time, including by Directive 2010/73/EU (the "Prospectus
Directive"). The Prospectus will be published on the website of the Luxembourg Stock Exchange
(www.bourse.lu).
Programme
The Prospectus is one of a number of prospectuses under the Structured Products Programme for the
issuance of Notes, Certificates and Warrants (the "Programme") of the Issuer and Credit Suisse
International.
The Securities
The Securities are in the form of Notes and are issued by the Issuer under the Programme. The terms
and conditions of the Securities will comprise:

the General Terms and Conditions of Notes (the "General Conditions") as incorporated by
reference from the Trigger Redeemable and Phoenix Securities Base Prospectus dated 30
June 2015 pursuant to the Credit Suisse AG and Credit Suisse International Structured
Products Programme for the issuance of Notes, Certificates and Warrants that has been
approved by the Luxembourg Commission de Surveillance du Secteur Financier (as
supplemented up to, and including, the date hereof, the "Base Prospectus");
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the Asset Terms for Equity-linked Securities (the "Asset Terms") as incorporated by reference
from the Base Prospectus; and

the specific terms of the Securities, as completing and amending the General Conditions and
the Asset Terms, as set forth in "Specific Terms" below.
Underlying Assets
The return on the Securities is linked to the performance of a basket of shares.
Risk Factors
Depending on the performance of the Underlying Assets, you may lose some of your
investment in the Securities.
Before purchasing any Securities, you should consider, in particular, the "Risk Factors" below
together with the relevant Risk Factors set out in the Registration Document and those incorporated
by reference from the Base Prospectus.
14 January 2016
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TABLE OF CONTENTS
Page
IMPORTANT NOTICES ...........................................................................................................................4
PART ONE ...............................................................................................................................................5
SUMMARY.....................................................................................................................................5
PART TWO ............................................................................................................................................19
SECURITIES NOTE ....................................................................................................................19
RISK FACTORS...........................................................................................................................20
DOCUMENTS INCORPORATED BY REFERENCE...................................................................22
SPECIFIC TERMS .......................................................................................................................24
GENERAL INFORMATION..........................................................................................................45
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IMPORTANT NOTICES
Potential for Discretionary Determinations by the Issuer under the Securities
Under the terms and conditions of the Securities, following the occurrence of certain events outside of
its control, the Issuer may determine in its discretion to take one or more of the actions available to it
in order to deal with the impact of such event on the Securities or the Issuer or both. It is possible that
any such discretionary determination by the Issuer could have a material adverse impact on the value
of and return on the Securities.
No other person is authorised to give information on the Securities: In connection with the issue
and sale of the Securities, no person is authorised by the Issuer to give any information or to make
any representation not contained in the Registration Document, the Summary or the Securities Note,
and neither the Issuer nor the Dealer accepts responsibility for any information or representation so
given that is not contained in the Registration Document, the Summary or the Securities Note.
Not an offer: The Prospectus does not constitute an offer to the public of Securities, and may not be
used for the purposes of an offer to the public or solicitation by anyone, in any jurisdiction in which
such offer or solicitation is not authorised, or to any person to whom it is unlawful to make such offer
or solicitation and no action is being taken to permit an offering of the Securities to the public or the
distribution of the Prospectus in any jurisdiction where any such action is required except as specified
herein.
Restrictions on distribution: The distribution of the Prospectus and the offering of the Securities in
certain jurisdictions may be restricted by law. Persons into whose possession the Registration
Document, the Summary or the Securities Note comes are required by the Issuer to inform
themselves about, and to observe, such restrictions. For a description of certain restrictions on offers
or sales of the Securities and the distribution of the Prospectus and other offering materials relating to
the Securities, please refer to the section entitled "Selling Restrictions" of the Base Prospectus and
the section entitled "Amendments to the section headed "Selling Restrictions" in the Prospectus" of
the 7 August 2015 Supplement (as defined below), which are incorporated by reference into this
document.
Important U.S. notice: The Securities have not been and will not be registered under the U.S.
Securities Act of 1933 (the "Securities Act"). Subject to certain exemptions, the Securities may not
be offered, sold or delivered within the United States of America or to, or for the account or benefit of,
U.S. persons. A further description of the restrictions on offers and sales of the Securities in the
United States or to U.S. persons is set forth in the section entitled "Selling Restrictions" of the Base
Prospectus, which is incorporated by reference into this document.
Information only as at the date hereof: The delivery of this document at any time does not imply
that any information contained herein is correct at any time subsequent to the date hereof.
No post-issuance information: The Issuer will not be providing any post-issuance information,
except if required by any applicable laws and regulations.
No rating: The Securities have not been rated.
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PART ONE
SUMMARY
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 this type 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 Issuer, 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 and
This Summary should be read as an introduction to the Prospectus.
Warnings:
Any decision to invest in Securities should be based on consideration
of the Prospectus as a whole by the investor.
Where a claim relating to the information contained in the 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 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 Prospectus or it does not provide, when read
together with the other parts of the Prospectus, key information in
order to aid investors when considering whether to invest in the
Securities.
A.2
Consent(s):
Where the Securities are to be the subject of an offer to the public
requiring the prior publication of a prospectus under the Prospectus
Directive (a "Non-exempt Offer"), the Issuer consents to the use of
the Prospectus by the financial intermediary/ies ("Authorised
Offeror(s)"), during the offer period and subject to the conditions, as
provided as follows:
(a)
Name and address Garantum Fondkommission AB
of
Authorised Norrmalmstorg 16
Offeror(s):
Box 7364
103 90 Stockholm
Sweden (the "Distributor(s)")
(b)
Offer
period
for An offer of the Securities will be
which use of the made in the Kingdom of Sweden
Prospectus
is during the period from, and
authorised by the including, 15 January 2016 to, and
Authorised
including, 18 February 2016
Offeror(s):
(c)
Conditions to the The Prospectus may only be used
use
of
the by the Authorised Offeror(s) to make
Prospectus by the offerings of the Securities in the
Authorised
jurisdiction(s) in which the Non-
Offeror(s):
exempt Offer is to take place
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If you intend to purchase Securities from an Authorised
Offeror, you will do so, and such offer and sale will be made,
in accordance with any terms and other arrangements in place
between such Authorised Offeror and you, including as to
price and settlement arrangements. The Issuer will not be a
party to any such arrangements and, accordingly, this
Prospectus does not contain any information relating to such
arrangements. The terms and conditions of such offer should
be provided to you by that Authorised Offeror at the time the
offer is made.
Section B Issuer
B.1
Legal and
Credit Suisse AG ("CS"), acting through its London Branch (the
commercial name "Issuer").
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
Issuer, legislation registered head office is located at Paradeplatz 8, CH-8001,
under which the
Switzerland.
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:
B.5
Description of
CS is a wholly owned subsidiary of Credit Suisse Group AG. CS has
group and
a 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
estimate:
the 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
2014
2013
description of
significant
Selected income statement
change in
data
financial position
of the Issuer:
Net Revenue
25,589
25,314
Total operating expenses
22,503
21,567
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Net income
1,764
2,629
Selected balance sheet data
Total assets
904,849
854,429
Total liabilities
860,208
810,797
Total equity
44,641
43,632
Nine months ended 30
In CHF million
September (unaudited)
2015
2014
Selected income statement
data
Net Revenue
19,098
19,386
Total operating expenses
15,410
17,119
Net income
2,475
1,184
Nine months
ended 30
September
Year ended
2015
31 December
(unaudited)
2014
Selected balance sheet data
Total assets
841,376
904,849
Total liabilities
796,651
860,208
Total equity
44,725
44,641
There has been no material adverse change in the prospects of the
Issuer and its consolidated subsidiaries since 31 December 2014.
Not applicable; there has been no significant change in the financial
position of the Issuer and its consolidated subsidiaries since 30
September 2015.
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 which are
Issuer's 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
dependency on
group.
other entities
within the
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corporate group:
B.15
Issuer's principal
CS' principal activities are the provision of financial services in the
activities:
areas of investment banking, private banking and asset
management.
B.16
Ownership and
CS is a wholly owned subsidiary of Credit Suisse Group AG.
control of the
Issuer:
Section C Securities
C.1
Type and class of The securities (the "Securities") are Notes.
securities being
offered and
The Securities of a Series will be uniquely identified by ISIN:
security
SE0007897277.
identification
number(s):
C.2
Currency:
The currency of the Securities will be Swedish Krona ("SEK") (the
"Settlement Currency").
C.5
Description of
The Securities have not been and will not be registered under the
restrictions on
U.S. Securities Act of 1933 (the "Securities Act") and may not be
free
offered or sold within the United States or to, or for the account or
transferability of
benefit of, U.S. persons except in certain transactions exempt from
the Securities:
the registration requirements of the Securities Act and applicable
state securities laws.
No offers, sales or deliveries of the Securities, or distribution of any
offering material relating to the Securities, may be made in or from
any jurisdiction except in circumstances that will result in compliance
with any applicable laws and regulations.
Subject to the above, the Securities will be freely transferable.
C.8
Description of
Rights: The Securities will give each holder of Securities (a
rights attached to "Securityholder") the right to receive a potential return on the
the securities,
Securities (see Element C.18 below). The Securities will also give
ranking of the
each Securityholder the right to vote on certain amendments.
securities and
limitations to
Ranking: The Securities are unsubordinated and unsecured
rights:
obligations of the Issuer and will rank equally among themselves and
with all other unsubordinated and unsecured obligations of the Issuer
from time to time outstanding.
Limitation to Rights:

The Issuer may redeem the Securities early for illegality
reasons or following an event of default. In such case, the
amount payable in respect of each Security on such early
redemption will be equal to the Unscheduled Termination
Amount, and no other amount shall be payable in respect of
each Security on account of interest or otherwise.

Following certain events affecting the Issuer's hedging
arrangements and/or the underlying asset(s), the Issuer may
redeem the Securities at the scheduled maturity by payment of
the Unscheduled Termination Amount instead of the
Redemption Amount, and no other amounts shall be payable
in respect of the Securities on account of interest or otherwise
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following such determination by the Issuer.
Where:

Unscheduled Termination Amount: in respect of each
Security, (a) if the Security is redeemed early for illegality
reasons or following an event of default, an amount (which
may be greater than or equal to zero) equal to the value of
such Security immediately prior to its redemption, as
calculated by the calculation agent using its internal
models and methodologies, or (b) if the Security is
redeemed following certain events affecting the Issuer's
hedging arrangements and/or the underlying asset(s), an
amount equal to the sum of (i) the Minimum Payment
Amount, plus (ii) the value of the option component of the
Security on the Unscheduled Termination Event Date, plus
(iii) any interest accrued on the value of the option
component from, and including the Unscheduled
Termination Event Date to, but excluding, the date on
which such Security is redeemed. The option component
provides exposure to the underlying asset(s) (if any), the
terms of which are fixed on the trade date in order to
enable the Issuer to issue such Security at the relevant
price and on the relevant terms and will vary depending on
the terms of such Security.
For the avoidance of doubt, if a Security is redeemed
following an event of default, the Unscheduled Termination
Amount shall not take into account the financial position of
the Issuer immediately prior to the event of default, and the
Issuer shall be presumed to be able to fully perform its
obligations under such Security for such purposes.

Unscheduled Termination Event Date: the date on which
an event resulting in the unscheduled redemption of the
Securities following certain events affecting the Issuer's
hedging arrangements and/or the underlying asset(s) has
occurred.

Minimum Payment Amount: an amount equal to (a) the
Specified Denomination minus (b) the sum of the
Instalment Amounts paid in respect of such Security on
each Instalment Date preceding
the Unscheduled
Termination Event Date.

The Issuer may adjust the terms and conditions of the
Securities without the consent of Securityholders following
certain events affecting the Issuer's hedging arrangements
and/or the underlying asset(s), or may redeem the Securities
at the scheduled maturity by payment of the Unscheduled
Termination Amount instead of the Final Instalment Amount as
described above (and no other amounts shall be payable in
respect of the Securities on account of interest or otherwise
following such determination by the Issuer).

The terms and conditions of the Securities contain provisions
for convening meetings of Securityholders to consider any
matter affecting their interests, and any resolution passed by
the relevant majority at a meeting will be binding on all
Securityholders, whether or not they attended such meeting or
voted for or against the relevant resolution. In certain
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circumstances, the Issuer may modify the terms and conditions
of the Securities without the consent of Securityholders.

The Securities are subject to the following events of default: if
the Issuer fails to pay any amount due in respect of the
Securities within 30 days of the due date, or if any events
relating to the insolvency or winding up of the Issuer occur.

The Issuer may at any time, without the consent of the
Securityholders, substitute for itself as Issuer under the
Securities any company with which it consolidates, into which it
merges or to which it sells all or substantially all of its property.

Governing Law: The Securities are governed by English law.
C.11
Admission to
Application will be made to admit the Securities to trading on the
trading:
NASDAQ OMX Stockholm Stock Exchange and the Luxembourg
Stock Exchange.
C.15
Effect of the
The value of the Securities and the Final Instalment Amount payable
underlying
in respect of Securities being redeemed on the Maturity Date will
instrument(s) on
depend on the performance of the underlying asset(s) on the
value of
Averaging Dates.
investment:
See Element C.18. below for details on how the value of the
Securities is affected by the value of the underlying asset(s).
C.16
Scheduled
The scheduled Maturity Date of the Securities is 10 currency
Maturity Date or
business days following the final Averaging Date or, if such date falls
Settlement Date:
on different dates for different underlying assets, the latest of such
dates to occur (expected to be 13 March 2023).
C.17
Settlement
The Securities will be delivered by the Issuer against payment of the
Procedure:
issue price. Settlement procedures will depend on the clearing
system for the Securities and local practices in the jurisdiction of the
investor.
The Securities are cleared through Euroclear Sweden.
C.18
Return on
The return on the Securities will derive from:
Derivative
Securities:

unless the Securities have been previously redeemed or
purchased and cancelled, the payment of (a) in respect of
each Instalment Date (other than the Instalment Date falling on
the Maturity Date), the relevant Instalment Amount; and (b) in
respect of the Maturity Date, the Final Instalment Amount.
INSTALMENT AMOUNT(S)
Unless the Securities have been previously redeemed or purchased
and cancelled, the Issuer shall (a) partially redeem each Security at
the relevant Instalment Amount on each Instalment Date (other than
the Instalment Date falling on the Maturity Date), and (b) redeem
each Security at the Final Instalment Amount on the Maturity Date.
The "Instalment Amount" shall be, in respect of a Security and (a)
each Instalment Date (other than the Instalment Date falling on the
Maturity Date), SEK 300, and (b) the Maturity Date, an amount
rounded down to the nearest transferable unit of the Settlement
Currency equal to the sum of (i) (A) the Specified Denomination
minus (B) the sum of the Instalment Amounts paid in respect of such
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