Obligation Swiss Credit 8% ( XS1925406586 ) en ZAR

Swiss Credit

100 % ⇌

Suisse

XS1925406586 ( en ZAR )

8% par an ( paiement annuel )

15/02/2029

Prospectus brochure de l'obligation Credit Suisse XS1925406586 en ZAR 8%, échéance 15/02/2029

20 000 ZAR

200 000 000 ZAR

15/02/2026 ( Dans 61 jours )

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 ZAR, avec le code ISIN XS1925406586, paye un coupon de 8% par an.
Le paiement des coupons est annuel et la maturité de l'Obligation est le 15/02/2029

Execution Version
PROHIBITION OF SALES TO EEA RETAIL INVESTORS: The Securities are not intended to be
offered, sold or otherwise made available to and may not be offered, sold or otherwise made available
to any retail investor in the European Economic Area ("EEA Retail Investor"). For these purposes, an
EEA Retail Investor means a person who is one (or more) of: (i) a retail client as defined in point (11)
of Article 4(1) of Directive 2014/65/EU ("MiFID II"); (ii) a customer within the meaning of the Insurance
Mediation Directive (Directive 2002/92/EC (as amended)) ("IMD"), where that customer would not
qualify as a professional client as defined in point (10) of Article 4(1) of MiFID II; or (iii) not a qualified
investor as defined in Directive 2003/71/EC (as amended, the "Prospectus Directive"). Consequently
no key information document required by Regulation (EU) No 1286/2014 (the "PRIIPs Regulation")
for offering or selling the Securities or otherwise making them available to EEA Retail Investors has
been prepared and therefore offering or selling the Securities or otherwise making them available to
any EEA Retail Investor may be unlawful under the PRIIPs Regulation.

Final Terms dated 15 February 2019
Credit Suisse AG, London Branch
ZAR 200,000,000 Yield Securities due February 2029 (the "Securities")
Series: SPLB2019-4025
ISIN: XS1925406586
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 20 July 2018, as supplemented on 8 August 2018, 31 August 2018, 7
November 2018 and 17 December 2018 and 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 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 the Luxembourg Stock Exchange (www.bourse.lu).
- 1 -

1.
Series Number:
SPLB2019-4025
2.
Tranche Number:
Not Applicable
3.
Applicable General Terms and General Note Conditions
Conditions:
4.
Type of Security:
Yield Securities
5.
Settlement Currency:
South African Rand ("ZAR")
6.
Institutional:
Applicable
PROVISIONS RELATING TO NOTES Applicable
AND CERTIFICATES
7.
Aggregate Nominal Amount:

(i)
Series:
ZAR 200,000,000

(ii)
Tranche:
Not Applicable
8.
Issue Price:
94.50 per cent. of the Aggregate Nominal Amount
9.
Specified Denomination:
ZAR 20,000
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 February 2019
14.
Maturity Date:
15 February 2029
15.
Coupon Basis:
Applicable: Fixed Rate Provisions
16.
Redemption/Payment Basis:
Fixed Redemption
17.
Put/Call Options:
Not Applicable
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:
As specified in the table below in respect of each
Interest Period ending on (but excluding) the relevant
- 2 -

Interest Payment Date

(ii)
Interest Commencement
15 February 2019
Date:

(iii)
Interest Payment Date(s):
The 15th day of each calendar month in each year
during the period commencing on, and including, 15
March 2019, and ending on, and including, 15 February
2029

(iv)
Interest Period:
Unadjusted

(v)
Business Day Convention:
Not Applicable

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

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

(viii) Determination Date(s):
Not Applicable

(ix)
Trade Date:
31 January 2019

Interest Payment Daten
Rate of Interestn

The 15th day of each calendar 8.00 per cent. per annum
month in each year during the
period commencing on, and
including, 15 March 2019, and
ending on, and including, 15
February 2024

The 15th day of each calendar 8.20 per cent. per annum
month in each year during the
period commencing on, and
including, 15 March 2024, and
ending on, and including, 15
February 2029
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
Condition 2):
PROVISIONS RELATING TO REDEMPTION/SETTLEMENT
33.
Redemption Amount or (in the case Fixed Redemption
of Warrants) Settlement Amount
- 3 -

(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

(v)
Redemption FX Adjustment:
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.
Knock-out Provisions:
Not Applicable
42.
Trigger Redemption (Product
Not Applicable
Condition 3(c)):
43.
Lock-in Redemption:
Not Applicable
44.
Details relating to Instalment Not Applicable
Securities:
45.
Physical Settlement Provisions Not Applicable
(Product Condition 4):
46.
Put Option:
Not Applicable
47.
Call Option:
Not Applicable
48.
Unscheduled Termination Amount:

(i)
Unscheduled Termination at Not Applicable
Par:

(ii)
Minimum Payment Amount:
Not Applicable

(iii)
Deduction for Hedge Costs:
Applicable
49.
Payment Disruption:
Not Applicable
- 4 -

50.
Interest and Currency Rate
Applicable
Additional Disruption Event:

Trade Date:
31 January 2019
UNDERLYING ASSETS
51.
List of Underlying Asset(s):
Not Applicable
52.
Equity-linked Securities:
Not Applicable
53.
Equity Index-linked Securities:
Not Applicable
54.
Commodity-linked Securities:
Not Applicable
55.
Commodity Index-linked Securities:
Not Applicable
56.
ETF-linked Securities:
Not Applicable
57.
FX-linked Securities:
Not Applicable
58.
FX Index-linked Securities:
Not Applicable
59.
Inflation Index-linked Securities:
Not Applicable
60.
Interest Rate Index-linked Not Applicable
Securities:
61.
Cash Index-linked Securities:
Not Applicable
62.
Multi-Asset Basket-linked Not Applicable
Securities:
63.
Valuation Time:
Not Applicable
GENERAL PROVISIONS
64.
(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 Not Applicable
permit indirect interests in
the Securities to be held
through CREST Depository
Interests to be issued by
the CREST Depository:
- 5 -

65.
Financial Centre(s):
Johannesburg and London
66.
Business Centre(s):
Johannesburg and London
67.
Listing and Admission to Trading:
Application will be made for the Securities to be listed
on the Official List of the Luxembourg Stock Exchange
and admitted to trading on the regulated market of the
Luxembourg Stock Exchange with effect from on or
around the Issue Date provided, however, no
assurance can be given that such application for listing
and admission to trading will be granted (or, if granted,
will be granted by the Issue Date or any specific date
thereafter).
68.
Security Codes and Ticker

Symbols:

ISIN:
XS1925406586

Common Code:
192540658

Swiss Security Number:
Not Applicable

Telekurs Ticker:
Not Applicable

WKN Number:
Not Applicable
69.
Clearing and Trading:

Clearing System(s) and any Euroclear Bank S.A./N.V. and Clearstream Banking,
relevant identification number(s):
société anonyme
70.
Delivery:
Delivery against payment
71.
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
- 6 -

London E14 5AL

The Bank of New York Mellon S.A./N.V., Luxembourg
Branch
Vertigo Building Polaris
2-4 rue Eugene Ruppert
L-2453 Luxembourg

Registrar:
The Bank of New York Mellon S.A./N.V., Luxembourg
Branch
Vertigo Building Polaris
2-4 rue Eugene Ruppert
L-2453 Luxembourg
72.
Dealer(s):
Credit Suisse International
73.
Specified newspaper for the Not Applicable
purposes of notices to
Securityholders:
74.
871(m) Securities:
The Issuer has determined that the Securities (without
regard to any other transactions) should not be treated
as transactions that are subject to U.S. withholding tax
under section 871(m)
75.
Prohibition of Sales to EEA Retail Applicable see the cover page of these Final Terms
Investors:
76.
Additional Provisions:
Not Applicable
- 7 -

PART B OTHER INFORMATION
Fixed Rate Securities only YIELD
Indication of yield:
9.28 per cent. per annum for the term of the
Securities, calculated on the Issue Date on the
basis of the Issue Price and in respect of the
fixed rate of interest only.
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 5.00 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 ISSUE, ESTIMATED NET PROCEEDS AND TOTAL EXPENSES
(i)
Reasons for the issue:
See "Use of Proceeds" section in the Base
Prospectus
(ii)
Estimated net proceeds:
ZAR 199,910,000
(iii)
Estimated total expenses:
ZAR 90,000
Rating

The Securities have been 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 rating is by a registered rating agency established in the EU.

- 8 -

Signed on behalf of the Issuer:

By: ______________________
Duly authorised

By: ______________________
Duly authorised

69962748/Ashurst(AHINDS/MARBOU)/LP/FY
- 9 -

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 and
This Summary should be read as an introduction to the Base
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 bank and joint stock corporation established under Swiss law
legal form of the
and operates under Swiss law. Its registered head office is located at
Issuer,
Paradeplatz 8, CH-8001, Switzerland.
legislation under
which the Issuer
operates and
country of
incorporation of
- 10 -