Obligation Swiss Credit 0% ( XS1125831492 ) en USD

Swiss Credit

100 % ⇌

Suisse

XS1125831492 ( en USD )

22/10/2019 - Obligation échue

Prospectus brochure de l'obligation Credit Suisse XS1125831492 en USD 0%, échue

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 USD, avec le code ISIN XS1125831492, paye un coupon de 0% par an.
Le paiement des coupons est semestriel et la maturité de l'Obligation est le 22/10/2019

FINAL TERMS
06 July 2015
CREDIT SUISSE AG
(acting through its Nassau Branch)
Issue of 100,000 Securities Due 2019 relating to shares of:
KWEICHOW MOUTAI CO., LTD.
under the Programme for the issue of
Underlying-linked Securities
(to be consolidated and form a single series with the issue by Credit Suisse AG, acting through
its Nassau Branch, of 289,210 Securities due 2019 relating to shares of
KWEICHOW MOUTAI CO., LTD.)
PART A CONTRACTUAL TERMS
Terms used herein shall be deemed to be defined as such for the purposes of the Terms and Conditions set
forth in the Base Prospectus dated 14 August 2014, as supplemented by the Supplement(s) thereto dated 16
October 2014, 29 October 2014, 5 November 2014, 27 January 2015, 25 February 2015, 11 March 2015,
25 March 2015, 28 April 2015, 11 May 2015, 2 June 2015, 12 June 2015 and any further supplements up
to, and including, the Issue Date (the "Base Prospectus") which together constitute a base prospectus for
the purposes of 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 the Base Prospectus. 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. These Final Terms and the Base
Prospectus are published on the website of the Luxembourg Stock Exchange at www.bourse.lu.
The Securities issued under these Final Terms are to be consolidated and form a single series with the
289,210 securities due 22 October 2019 issued on 22 October 2014 with XS1125831492.
1

(i) Series Number:
B

(ii) Tranche Number:
2
2

(i) Specified Currency:
USD

(ii) Relevant Currency:
CNH
3

Trading Method:
Securities
4

Aggregate Nominal Amount:
Not Applicable
5

Aggregate Issue Size:

Tranche:
100,000 Securities

Series:
389,210 Securities
6

Issue Price:
USD 25.9392 per Security
7

Specified Denomination(s):
Not Applicable. The Securities are transferable in a
minimum number of one Security (equivalent to a

nominal amount of USD 25.9392).

1

8

Minimum tradeable size:
No minimum
9

(i) Issue Date:
06 July 2015

(ii) Trade Date:
17 October 2014
10
Maturity Date:
22 October 2019
11
Distribution/Interest/Premium Basis:
Distribution
12
Put/Call Options:
Issuer Call
13
Method of distribution:
Non-syndicated
PROVISIONS RELATING TO DISTRIBUTION, INTEREST AND PREMIUM
14
Distribution Payment Amounts
Applicable

(i) Distribution Payment Dates:
As specified in Condition 3(a).
15
Fixed Rate Securities Provisions
Not Applicable
16
Floating Rate Securities Provisions
Not Applicable
17
Premium Provisions
Not Applicable
PROVISIONS RELATING TO REDEMPTION
18
(i) Final Redemption Amount/
Participation Securities
Method of calculation:

(ii) Outperformance
Factor
(for Not Applicable
Outperformance Securities only):

(iii) Delivery of Further Securities in Not Applicable
lieu
of
Final
Redemption
Amount at the option of the
Issuer:
19
Determination City:
Shanghai
20
Valuation Date:
08 October 2019, subject to adjustment in accordance
with the Conditions.
21
Issuer Call:
Applicable

(i) Minimum Redemption Amount:
No minimum

(ii) Maximum Redemption Amount:
No maximum
22
Investor Put:
Not Applicable
23
(i) Early Redemption Amount/
Participation Securities
Method of calculation:

(ii) Delivery of Further Securities in Not Applicable
lieu
of
Early
Redemption
Amount:
24
Early Redemption Date:
As specified in the Conditions
25
Type of Reference Underlying:
Single Reference Underlying

2

PROVISIONS RELATING TO EQUITY
Applicable
LINKED SECURITIES (for Securities linked
to Single Reference Underlying)
26
Number of Reference Underlyings:
One
27
Information relating to the Reference

Underlyings:

Reference Entity:
KWEICHOW MOUTAI CO., LTD.

Security Code of the Reference
ISIN: CNE0000018R8
Underlyings:

Exchange:
The Shanghai Stock Exchange (China Connect)

Related Exchange:
All Exchanges
28
Reference Underlying Jurisdiction:
THE PEOPLE'S REPUBLIC OF CHINA
29
Reference Price:
Reference Price Execution Price
30
Valuation Period:
As specified in the Conditions
31
Additional Disruption Events:

Change of Law:
Applicable

GDR Termination Event:
Not Applicable

Increased Cost of Hedging:
Applicable

Insolvency Filing:
Applicable

PROVISIONS RELATING TO EQUITY
Not Applicable
LINKED SECURITIES (for Securities
linked to a Basket)

PROVISIONS RELATING TO INDEX
Not Applicable
LINKED SECURITIES
GENERAL PROVISIONS APPLICABLE TO THE SECURITIES
32
Form of Securities:
Rule 144A Global Security
33
Additional Financial Centre(s) or
Not Applicable
other special provisions relating to
Payment Day:
34
Calculation Agent:
Credit Suisse (Hong Kong) Limited
Level 88, International Commerce Centre,
1 Austin Road West,
Kowloon, Hong Kong
35
Principal Paying Agent:
Credit Suisse (Hong Kong) Limited
Level 88, International Commerce Centre,
1 Austin Road West,
Kowloon, Hong Kong

3

36
Registrar and Transfer Agent:
Credit Suisse (Hong Kong) Limited
Level 88, International Commerce Centre,
1 Austin Road West,
Kowloon, Hong Kong
DISTRIBUTION
37
If syndicated, names and addresses of
Not Applicable
managers and underwriting
commitments:

(i) Date of subscription agreement Not Applicable
(if any):

(ii) Stabilising manager (if any):
Not Applicable
38
If non-syndicated, name and address
Credit Suisse Securities (USA) LLC
of relevant Dealer (if any):
Eleven Madison Avenue
New York
NY 10010-3629
United States of America
acting as agent on behalf of

Credit Suisse Securities (Europe) Limited
One Cabot Square
London E14 4QJ
United Kingdom
39
Total commission and concession:
Not Applicable
40
Non-exempt Offer:
Not Applicable
PURPOSE OF FINAL TERMS
These Final Terms comprise the final terms required for issue, admission to trading on the regulated market
of the Luxembourg Stock Exchange and listing on the Official List of Luxembourg Stock Exchange of the
Securities described herein pursuant to the Issuer's Programme for the issue of Underlying-linked
Securities.

4

INFORMATION RELATING TO THE UNDERLYING
The information included under Paragraphs 6 and 7 of Part B below in these Final Terms has been
extracted from Bloomberg. The Issuer confirms that such information has been accurately reproduced and
that, so far as it is aware, and is able to ascertain from information published by Bloomberg, no facts have
been omitted which would render the reproduced inaccurate or misleading. Neither the Issuer nor any of its
affiliates has participated in the preparation of such information or made any due diligence inquiry with
respect to the issuer, owner or sponsor of any Reference Underlyings in connection with the Securities.
Neither the Issuer nor any of its affiliates has independently verified any such information and neither the
Issuer nor any of its affiliates makes any representation or warranty as to the accuracy of such information.

Signed on behalf of the Issuer:

By:
Duly authorised

5

PART B OTHER INFORMATION
1
LISTING AND ADMISSION TO TRADING
(i) Listing:
Luxembourg Stock Exchange
(ii) Admission to trading:
Original securities are already admitted to trading.
Application has been made for this further Tranche
of Securities to be admitted to trading on the
regulated market of the Luxembourg Stock
Exchange with effect from 06 July 2015. The first
tranche of the Securities was admitted to trading
from 22 October 2014.
2
RATINGS
Ratings:
The Securities to be issued are not expected to be
rated.
3
INTERESTS OF NATURAL AND LEGAL PERSONS INVOLVED IN THE ISSUE
Save for any fees payable to the Dealers/managers, so far as the Issuer is aware, no person involved in the
issue of the Securities has an interest material to the issue.
4
NOTIFICATION
The Commission de Surveillance du Secteur Financier has provided the Central Bank of Ireland (Ireland)
with a certificate of approval attesting that the Base Prospectus and these Final Terms have been drawn up
in accordance with the Prospectus Directive.
5
REASONS FOR THE OFFER, ESTIMATED NET PROCEEDS AND TOTAL EXPENSES
(i) Reasons for the offer:
See "Use of Proceeds" in Base Prospectus.
(ii) Estimated net proceeds:
Not applicable
(iii) Estimated total expenses:
Not applicable
6
PERFORMANCE
OF
THE
REFERENCE
UNDERLYINGS
AND
OTHER
INFORMATION CONCERNING THE REFERENCE UNDERLYINGS
Information on the Reference Underlying, including information on its volatility and past and further
performance,
can
be
found
on
the
website
of
Shanghai
Stock
Exchange
at
http://www.sse.com.cn/sseportal/en/home/home.shtml under symbol 600519.
7
PERFORMANCE OF RATES OF EXCHANGE (to include for Securities where the Specified
Currency is different from the Relevant Currency)
Information on the Exchange Rate between the Relevant Currency and the Specified Currency, including
information on its volatility and past and further performance, can be found on Bloomberg.

6

8
OPERATIONAL INFORMATION
ISIN:
XS1125831492
Common Code:
112583149
CUSIP:
Not Applicable
Any clearing system(s) other than Euroclear,
Not Applicable
Clearstream, Luxembourg or DTC and the relevant
identification number(s):
Delivery:
Delivery against payment
Names and addresses of additional Paying Agent(s)
None
(if any):
9
TERMS AND CONDITIONS OF THE OFFER TO THE PUBLIC
Not Applicable

10 ISSUE SPECIFIC SUMMARY
Summaries are made up of disclosure requirements known as "Elements". These elements are set out in
sections A to E below (and numbered 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 and Warnings
This summary should be read as an introduction to the
Base Prospectus and the applicable Final Terms. Any
decision to invest in the Securities should be based on a
consideration of this Base Prospectus as a whole,
including any documents incorporated by reference and
the applicable Final Terms. Where a claim relating to
information contained in the Base Prospectus is brought
before a court, the plaintiff investor may, under the
national legislation of the Member State where the claim
is brought, be required to bear the costs of translating the
Base Prospectus and the applicable Final Terms before the
legal proceedings are initiated. Civil liability attaches
only to those persons who have tabled the summary
including any translation of it, but only if the summary is
misleading, inaccurate or inconsistent when read together
with the other parts of this Base Prospectus and the
applicable Final Terms or if it does not provide, when
read together with the other parts of this Base Prospectus
and the applicable Final Terms, key information in order

7

to aid investors when considering whether to invest in
such Securities.
A.2
Consent(s)
The Issuer consents to the use of the Base Prospectus by
the Dealers only.
Section B - Issuer
B.1
Issuer
Credit Suisse AG ("CS"), acting through its Nassau
Branch.
B.2
Domicile and legal form of the
CS was incorporated under Swiss law as a corporation
Issuer, legislation under which
(Aktiengesellschaft) on 5th July 1856 in Zurich,
the Issuer operates and country
Switzerland and operates under Swiss law. Its registered
of incorporation of Issuer:
head office is in Zurich, Switzerland.
B.4b
A description of any known
Not Applicable: there are no known trends, uncertainties,
trends affecting the Issuer and
demands, commitments or events that are reasonably
the industries in which it
likely to have a material effect on the prospects of the
operates
Issuer for its current financial year.
B.5
Description of the Group and the
CS is a Swiss bank and a wholly owned subsidiary of
Issuer's position within the
Credit Suisse Group AG ("CSG"), a global financial
Group
services company.
B.9
Profit forecast or estimate
Not Applicable: no profit forecasts or estimates have been
made.
B.10
Audit report qualifications
Not Applicable: no qualifications are contained in any
audit or review report.
B.12
Selected historical key financial information of CS:

The tables below set out summary information derived from the audited consolidated balance
sheets of CS as of 31st December 2014 and 2013 and the related audited consolidated statements
of operations for each of the years in the three-year period ended 31st December 2014, and the
unaudited financial information for the quarter and three-month period ended 31st March 2015:

CS Statement of Operations

Year ended 31st December (CHF million)
2014(1)
2013(1)
2012(1)

Net revenues ............................................................................ 25,589
25,314
22,976

Provision for credit losses .........................................................
125
93
88

Total operating expenses ........................................................... 22,503
21,567
21,109

Income from continuing operations before taxes ......................
2,961
3,654
1,779

Income tax expense ..................................................................
1,299
1,170
365

Income from continuing operations ..........................................
1,662
2,484
1,414

Income/(loss) from discontinued operations, net of tax ............
102
145
(40)

Net income ................................................................................
1,764
2,629
1,374

Net income attributable to noncontrolling interests ..................
445
669
333

Net income attributable to shareholder .....................................
1,319
1,960
1,041

(1) As reported in Credit Suisse Annual Report 2014

8

(unaudited)
(unaudited)

Quarter ended 31st March (CHF million)
1Q15(2)
1Q14(2)

Net revenues ............................................................................
6,539
6,744

Total operating expenses ...........................................................
5,098
5,076

Income from continuing operations before taxes ......................
1,421
1,649

Income from continuing operations ..........................................
972
1,128

Net income attributable to shareholders ...................................
988
780

(2) As reported in Credit Suisse Financial Report 1Q15

CS Balance Sheet

As at 31st December (CHF million)
2014(1)
2013(1)

Total assets ................................................................................
904,849
854,429

Total liabilities ..........................................................................
860,208
810,797

Total shareholder's equity .........................................................
42,895
39,467

Noncontrolling interests ...........................................................
1,746
4,165

Total equity ...............................................................................
44,641
43,632

Total liabilities and equity ........................................................
904,849
854,429

(1) As reported in Credit Suisse Annual Report 2014

(unaudited)
(unaudited)

(CHF million)
1Q15(2)
4Q14(2)

Total assets ................................................................................
888,121
904,849

Total liabilities ..........................................................................
843,692
860,208

Total shareholder's equity .........................................................
42,849
42,895

Noncontrolling interests ...........................................................
1,580
1,746

Total equity ...............................................................................
44,429
44,641

Total liabilities and equity ........................................................
888,121
904,849

(2) As reported in Credit Suisse Financial Report 1Q15

CS statements of no significant or material adverse change

There has been no material adverse change in the prospects of CS since 31st December 2014.
There has been no significant change in the financial position of CS since 31st December 2014.
B.13
Recent material events
Not Applicable: there are no recent events particular to
particular to Issuer relevant to
the Issuer which are to a material extent relevant to the
Issuer's solvency
evaluation of its solvency.
B.14
Dependence upon other group
Not Applicable: CS is not dependent upon other members

9

entities
of its group.
B.15
Issuer's principal activities
The principal activities of CS are the provision of
financial services in the areas of private banking,
investment banking and asset management.
B.16
Ownership and control of the
CS is a wholly owned subsidiary of CSG.
Issuer
B.17
Credit ratings assigned to the
CS has been issued a senior unsecured long-term debt
Issuer's long-term debt
rating of "A (Stable Outlook)" by Standard & Poor's, a
securities
senior long-term debt rating of "A (Stable Outlook)" by
Fitch and a senior long-term debt rating of "A1 (Stable
Outlook)" by Moody's Inc.
The Securities are unrated.
Section C Securities
C.1
Type and class of securities
The Securities are 100,000 Securities due 2019 relating to
shares of KWEICHOW MOUTAI CO., LTD.
The Securities are to be consolidated and form a single
series with the 289,210 securities due 2019 issued on 22
October 2014 identified by:
ISIN Code: XS1125831492
Common Code: 112583149
C.2
Currencies
Subject to compliance with all relevant laws, regulations
and directives, Securities under the Programme may be
denominated in any currency or units of exchange and
settled in any deliverable currency.
The Securities are denominated in USD (referred to as the
Specified Currency) and will be settled in USD.
C.5
Description of restrictions on the
There are restrictions on the offer, sale and transfer of the
free transfer-ability of the
Securities in the European Economic Area, Hong Kong,
Securities
India, Indonesia, Korea, Malaysia, Singapore, Pakistan,
the PRC, Russia, Saudi Arabia, Switzerland, Taiwan, the
United Kingdom, the United States of America and
Vietnam.
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.
C.8
Description of the rights
The Securities may be issued in series ("Series") having
attaching to the Securities,
identical terms (or identical other than in respect of
including ranking and
certain dates) and are intended to be interchangeable with
limitations to those rights
all other Securities of that same Series. Each Series of
Securities may be issued in tranches ("Tranches")
bearing identical terms other than the Issue Price and
nominal amount of the Tranche, the specific terms of
which will be completed in the relevant Final Terms.

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