Credit Suisse International

Execution Version

Credit Suisse International Up to HUF 500,000,000 Notes linked to the ordinary shares of Vodafone Group PLC, The Procter and Gamble Company and Allianz SE, due April 2020 (the" Notes" or the "Securities") Series SPLB2016-0H84 (ISIN: XS1355063543) Issue Price: 100 per cent. (100 %) of the Aggregate Nominal Amount Prospectus This document constitutes a "prospectus" (the "Prospectus"), 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") relating to the above Securities issued by Credit Suisse International (the "Issuer" or "CSi"). 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 AG. 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 Put and Call Securities Base Prospectus dated 22 July 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 applicable Product Conditions (the "Product Conditions") as incorporated by reference from 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

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the specific terms of the Securities, as completing and amending the General Conditions, the Product Conditions and the Asset Terms, as set forth in "Specific Terms" below.

Information incorporated by reference This Prospectus incorporates by reference certain information from the Base Prospectus and certain other filings in relation to the Issuer (see "Documents Incorporated by Reference" below). This Prospectus shall be read in conjunction with such information from the Base Prospectus and such filings. Underlying Assets The return on the Securities is linked to the performance of a basket of shares comprising the ordinary shares of Vodafone Group PLC, The Procter and Gamble Company and Allianz SE.

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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 incorporated by reference from the Base Prospectus and the CSi 2014 Annual Report. 15 March 2016

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TABLE OF CONTENTS Page IMPORTANT NOTICES ......................................................................................................................4 SUMMARY ..........................................................................................................................................5 RISK FACTORS................................................................................................................................20 DOCUMENTS INCORPORATED BY REFERENCE........................................................................22 SPECIFIC TERMS ............................................................................................................................45 CREDIT SUISSE INTERNATIONAL.................................................................................................59 GENERAL INFORMATION...............................................................................................................64

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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 Prospectus, and neither the Issuer nor the Dealer accepts responsibility for any information or representation so given that is not contained in the Prospectus. 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 Prospectus 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, which is 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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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 Warnings:

This Summary should be read as an introduction to the Prospectus. 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 of Authorised Offeror(s):

(b)

Offer period for which use of the Prospectus is authorised by the Authorised Offeror(s):

(c)

Conditions to the use of the Prospectus by the Authorised Offeror(s):

Citibank Europe plc, Hungarian Branch Office H-1051 Budapest Szabadság tér 7 Hungary (the "Distributor(s)") An offer of the Securities will be made in Hungary during the period from, and including, 16 March 2016 to, and including, 31 March 2016

The Prospectus may only be used by the Authorised Offeror(s) to make offerings of the Securities in the jurisdiction(s) in which the Nonexempt Offer is to take place

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 -5-

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. Neither the Issuer nor any dealer has any responsibility or liability for such information provided by that Authorised Offeror. Section B - Issuer B.1

Legal and commercial name of the Issuer:

Credit Suisse International ("CSi") (the "Issuer").

B.2

Domicile and legal form of the Issuer, legislation under which the Issuers operates and country of incorporation of Issuer:

CSi is an unlimited company incorporated in England and Wales on 9 May 1990. CSi is an English bank regulated as an EU credit institution and operates under English law. Its registered head office is located at One Cabot Square, London E14 4QJ.

B.4b

Known trends with respect to the Issuer and the industries in which it operates:

Not applicable - there are no known trends, uncertainties, demands, commitments or events that are reasonably likely to have a material effect on the prospects of the Issuer for its current financial year.

B.5

Description of group and Issuers' position within the group:

The shareholders of CSi are Credit Suisse AG (which holds CSi's ordinary shares through Credit Suisse AG (Zürich Stammhaus) and Credit Suisse AG, Guernsey Branch), Credit Suisse Group AG and Credit Suisse PSL GmbH. CSi has a number of subsidiaries. A summary organisation chart is set out below:

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Credit Suisse Group AG

Credit Suisse AG Zurich Stammhaus

Guernsey Branch

Credit Suisse PSL GmbH

Credit Suisse International

B.9

Profit forecast or estimate:

Not applicable; no profit forecasts or estimates have been made by the Issuer.

B.10

Qualifications in audit report on historical financial information:

Not applicable; there were no qualifications in the audit report on historical financial information.

B.12

Selected key financial information; no material adverse change and description of significant change in financial position of the Issuer:

CSi* In USD million

Year ended 31 December 2014

2013

Net Revenue

1,144

1,654

Total operating expenses

(1,551)

(1,713)

Loss before taxes

(407)

(59)

Net loss

(995)

(539)

Total assets

548,137

515,733

Total liabilities

524,108

490,705

Total shareholders' equity

24,029

25,028

In USD million

Six months ended 30 June (unaudited)

Selected consolidated income statement data

Selected consolidated balance sheet data

2015

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2014

Selected consolidated income statement data Net Revenue

1,214

882

Total operating expenses

(1,041)

(781)

Profit before taxes

173

101

Net profit/(loss)

100

(371)

Six months ended 30 June (unaudited)

Year ended 31 December

Selected consolidated balance sheet data

2015

2014

Total assets

452,959

548,137

Total liabilities

428,828

524,108

Total shareholders' equity

24,131

24,029

*This key financial information is for CSi and its subsidiaries

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 June 2015. B.13

Recent events particular to the Issuer which are to a material extent relevant to the evaluation of the Issuer's solvency:

Not applicable; there are no recent events particular to the Issuer which are to a material extent relevant to the evaluation of the Issuer's solvency.

B.14

Issuer's position in its corporate group and dependency on other entities within the corporate group:

See Element B.5 above.

Issuer's principal activities:

CSi's principal business is banking, including the trading of derivative products linked to interest rates, foreign exchange, equities, commodities and credit. The primary objective of CSi is to provide comprehensive treasury and risk management derivative product

B.15

The liquidity and capital requirements of CSi are managed as an integral part of the wider CS group framework. This includes the local regulatory liquidity and capital requirements in the UK.

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services. B.16

Ownership and control of the Issuer:

The shareholders of CSi are Credit Suisse AG (which holds CSi's ordinary shares through Credit Suisse AG (Zürich Stammhaus) and Credit Suisse AG, Guernsey Branch), Credit Suisse Group AG and Credit Suisse PSL GmbH. CSi has a number of subsidiaries. Section C – Securities

Type and class of securities being offered and security identification number(s):

The securities (the "Securities") are notes. The Securities are Return Securities. The Securities will pay coupon amounts depending on the performance of the underlying asset(s).

C.2

Currency:

The currency of the Securities will be Hungarian forint ("HUF") (the "Settlement Currency").

C.5

Description of restrictions on free transferability of the Securities:

The Securities have not been and will not be registered under the U.S. Securities Act of 1933 (the "Securities Act") and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons except in certain transactions exempt from the registration requirements of the Securities Act and applicable state securities laws.

C.1

The Securities of a Series will be uniquely identified by ISIN: XS1355063543; Common Code: 135506354; Swiss Security Number: 24037346.

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 attached to the securities, ranking of the securities and limitations to rights:

Rights: The Securities will give each holder of Securities (a "Securityholder") the right to receive a potential return on the Securities (see Element C.18 below). The Securities will also give each Securityholder the right to vote on certain amendments. Ranking: The Securities are unsubordinated and unsecured 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.

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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 following such determination by the Issuer.

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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.

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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.

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Minimum Payment Amount: an amount equal to 89 per cent. of the Nominal Amount.

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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 Redemption 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).

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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 circumstances, the Issuer may modify the terms and conditions of the Securities without the consent of Securityholders.

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

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.

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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 or transfers all or substantially all of its property.

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Governing Law: The Securities are governed by English law.

C.11

Admission to trading:

Application has been made to admit the Securities to trading on the Regulated Market of the Luxembourg Stock Exchange.

C.15

Effect of the underlying instrument(s) on value of investment:

The value of the Securities and whether any Coupon Amount is payable on a Coupon Payment Date will depend on the performance of the underlying asset(s) on the Coupon Observation Date corresponding to such Coupon Payment Date. The value of the Securities and the Redemption Amount payable in respect of Securities being redeemed on the Maturity Date will depend on the performance of the underlying asset(s) on the Final Fixing Date. 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 Maturity Date or Settlement Date:

The scheduled Maturity Date of the Securities is 5 currency business days following the Final Fixing Date or, if such date falls on different dates for different underlying assets, the latest of such dates to occur (expected to be 7 April 2020).

C.17

Settlement Procedure:

The Securities will be delivered by the Issuer against payment of the 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 Bank S.A./N.V. and Clearstream Banking, société anonyme.

C.18

Return on Derivative Securities:

The return on the Securities will derive from: 

the Coupon Amount(s) payable (if any); and

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unless the Securities have been previously redeemed or purchased and cancelled, the payment of the Redemption Amount on the scheduled Maturity Date of the Securities. COUPON AMOUNT(S)

If a Coupon Payment Event has occurred in respect of a Coupon Observation Date, the Coupon Amount payable on the Coupon Payment Date corresponding to such Coupon Observation Date shall be an amount equal to the product of (a) the Nominal Amount, (b) the Coupon Call Performance, and (c) Participation, subject to a minimum amount equal to the Coupon Floor and a maximum amount equal to the Coupon Cap. If no Coupon Payment Event has occurred in respect of a Coupon Observation Date, the Coupon Amount payable on the Coupon - 11 -

Payment Date corresponding to such Coupon Observation Date shall be zero. The Coupon Amount(s) payable (if any) shall be rounded down to the nearest transferable unit of the Settlement Currency. Where: 

Basket Performance: the sum of the weighted performance of each underlying asset, being the product of (a) the Weighting of such underlying asset, and (b) the Level of such underlying asset at the Valuation Time on the relevant Coupon Observation Date divided by its Strike Price.

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Coupon Call Performance: the sum of the weighted performance of each underlying asset, being the product of (a) the Weighting of such underlying asset, and (b)(i) the Coupon Fixing Price of such underlying asset on the relevant Coupon Observation Date minus the product of (A) 100 per cent., and (B) its Strike Price, divided by (ii) its Strike Price.

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Coupon Cap: indicatively an amount equal to 8.50 per cent. of the Nominal Amount, subject to a minimum of 7.30 per cent. of the Nominal Amount and a maximum of 9.30 per cent. of the Nominal Amount.

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Coupon Fixing Price: in respect of an underlying asset, the Level of such underlying asset at the Valuation Time on the relevant Coupon Observation Date.

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Coupon Floor: an amount equal to 4 per cent. of the Nominal Amount.

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Coupon Observation Date(s): in respect of an underlying asset, each of 31 March 2017, 31 March 2018, 31 March 2019 and 31 March 2020, in each case subject to adjustment.

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Coupon Payment Date(s): in respect of a Coupon Observation Date, 5 currency business days following such Coupon Observation Date (or, if such date falls on different dates for different underlying assets, the latest of such dates to occur).

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Coupon Payment Event: if on the relevant Coupon Observation Date, the Basket Performance is above the Coupon Threshold corresponding to such Coupon Observation Date.

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Coupon Threshold: in respect of a Coupon Observation Date, 100 per cent.

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Initial Setting Date: in respect of an underlying asset, 31 March 2016, subject to adjustment.

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Level: in respect of an underlying asset and any day, the price of such underlying asset quoted on the relevant exchange.

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Nominal Amount: HUF 500,000.

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Participation: in respect of a Coupon Observation Date, 100

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per cent. 

Strike Price: in respect of an underlying asset, the Level of such underlying asset at the Valuation Time on the Initial Setting Date.

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Valuation Time: in respect of an underlying asset, the scheduled closing time on the exchange.

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Weighting: in respect of an underlying asset, 1/3. REDEMPTION AMOUNT

Unless the Securities have been previously redeemed or purchased and cancelled, the Issuer shall redeem the Securities on the Maturity Date. The Issuer shall redeem the Securities on the Maturity Date at the redemption amount (the "Redemption Amount"), which shall be an amount rounded down to the nearest transferable unit of the Settlement Currency equal to the sum of (a) the product of (i) the Redemption Option Percentage and (ii) the Nominal Amount, and (b) the product of (i) the Nominal Amount, (ii) the Participation Percentage, and (iii) the Performance. Where: 

Basket Performance: the sum of the weighted performance of each underlying asset, being the product of (a) the Weighting of such underlying asset, and (b) the Redemption Final Price of such underlying asset divided by its Strike Price.

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Final Fixing Date: in respect of an underlying asset, 31 March 2020, subject to adjustment.

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Participation Percentage: minus 100 per cent.

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Performance: the greater of (a) zero per cent. and (b) the difference between (i) the Strike minus (ii) the Basket Performance, subject to a maximum amount equal to the Performance Cap.

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Performance Cap: 11 per cent.

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Redemption Final Price: in respect of an underlying asset, the Level of such underlying asset at the Valuation Time on the Final Fixing Date.

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Redemption Option Percentage: 100 per cent.

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Strike: 100 per cent. (expressed as a decimal).

C.19

Final reference price of underlying:

The Redemption Final Price of an underlying asset shall be determined on the Final Fixing Date.

C.20

Type of underlying:

The underlying assets are a basket of shares comprising the ordinary shares of Vodafone Group PLC, The Procter and Gamble Company and Allianz SE. Information on each of the underlying assets can be found at

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www.bloomberg.com. Section D – Risks D.2

Key risks that are specific to the Issuer:

The Securities are general unsecured obligations of the Issuer. Investors in the Securities are exposed to the risk that the Issuer could become insolvent and fail to make the payments owing by it under the Securities. The profitability of the Issuer will be affected by, among other things, changes in global economic conditions, inflation, interest/exchange rates, capital risk, liquidity risk, market risk, credit risk, risks from estimates and valuations, risks relating to off-balance sheet entities, cross-border and foreign exchange risks, operational risks, legal and regulatory risks and competition risks. The Issuer is exposed to a variety of risks that could adversely affect its operations and/or financial condition: 

Market risk: The Issuer is subject to the risk of loss arising from adverse changes in interest rates, foreign currency rates, equity prices, commodity prices and other relevant parameters, such as market volatility. Consequently, the Issuer is subject to the risk of potential changes in the fair values of financial instruments in response to market movements.

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Liquidity risk: The Issuer is subject to the risk that it is unable to fund assets and meet obligations as they fall due under both normal and stressed market conditions.

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Currency risk: The Issuer is exposed to the effects of fluctuations in the prevailing foreign currency exchange rates on its financial position and cash flows.

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Credit risk: The Issuer is subject to: (a) "counterparty risk", where the Issuer may incur a loss as a result of a borrower or counterparty failing to meet its financial obligations or as a result of deterioration in the credit quality of the borrower or counterparty, (b) "wrong-way risk" or "correlation risk", where the Issuer's exposure to the counterparty in a financial transaction increases while the counterparty's financial health and its ability to pay on the transaction diminishes, and (c) "settlement risk", where the settlement of a transaction results in timing differences between the disbursement of cash or securities and the receipt of countervalue from the counterparty.

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Country risk: The Issuer is subject to the risk of a substantial, systemic loss of value in the financial assets of a country or group of countries, which may be caused by dislocations in the credit, equity and/or currency markets.

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Legal and regulatory risk: The Issuer faces significant legal risks in its businesses, including, amongst others, (a) disputes over terms or trades and other transactions in which the Credit Suisse group acts as principal, (b) the unenforceability or inadequacy of documentation used to give effect to transactions in which the Credit Suisse group participates, (c) investment suitability concerns, (d) compliance with the laws of the countries in which the Credit - 14 -

Suisse group does business and (e) disputes with its employees. The Issuer is also subject to increasingly more extensive and complex regulation, which may limit the Issuer's activities or increase the costs of compliance with regulation (including penalties or fines imposed by regulatory authorities). The Issuer (and the financial services industry) continue to be affected by significant uncertainty over the scope and content of regulatory reform.

D.6

Key risks that are specific to the Securities and risk warning that investors may lose value of entire investment or

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Operational risk: The Issuer is subject to the risk of loss resulting from inadequate or failed internal processes, people or systems or from external events. The Issuer is exposed to operational risk arising from errors made in the execution or settlement of transactions or in transactions not being properly recorded or accounted for.



Conduct risk: The Issuer is exposed to the risk of poor conduct and behaviour by firms/individuals resulting in financial or non-financial detriment to clients or counterparties, damage to the integrity of financial markets, a lack of effective competition in the markets which the Issuer participates and non-compliance with relevant laws and regulations.

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Reputational risk: The Issuer is subject to risk to its reputation, which may arise from a variety of sources such as the nature or purpose of a proposed transaction, the identity or nature of a potential client, the regulatory or political climate in which the business will be transacted or significant public attention surrounding the transaction itself.



Regulatory action in the event that the Issuer is failing or the UK resolution authority considers that it is likely to fail: The UK Banking Act, which implements the EU Bank Recovery and Resolution Directive, provides for a "resolution regime" granting substantial powers to the UK resolution authority to implement resolution measures (including, but not limited to, directing the sale of the relevant institution or transfer of the relevant institution's business to a "bridge bank") with respect to a UK financial institution (such as the Issuer) where the UK resolution authority considers that the relevant institution is failing or is likely to fail and action is necessary in the public interest. If the Issuer were to become subject to a "resolution regime" you could lose some or all of your investment in the Securities. In addition, the UK resolution authority also has the power to exercise the "bailin" tool in relation to Securities issued by the Issuer to write down the Issuer's liabilities or to convert a class of liability to another class, and this would result in the write down and/or conversion to equity of such Securities.

The Securities are subject to the following key risks: 

The market value of the Securities and the amount payable or deliverable at maturity depend on the performance of the underlying asset(s). The performance of an underlying asset may be subject to sudden and large unpredictable changes over time (known as "volatility"), which may be affected by national or international, financial, political, military or economic events or by the activities of participants in the relevant markets. Any of these events or activities could - 15 -

part of it:

adversely affect the value of and return on the Securities. 

If the Basket Performance on the Final Fixing Date is less than 100 per cent., an investor will lose some of their investment.



If the Securities provide that any amount payable is subject to a cap, an investor's ability to participate in any change in the value of the underlying asset(s) over the term of the Securities will be limited notwithstanding any positive performance of the underlying asset(s) above such cap. Accordingly, the return on the Securities may be significantly less than if an investor had purchased the underlying asset(s) directly.



A secondary market for the Securities may not develop and, if it does, it may not provide the investors with liquidity and may not continue for the life of the Securities. Illiquidity may have an adverse effect on the market value of the Securities. The price in the market for a Security may be less than its issue price or its offer price and may reflect a commission or a dealer discount, which would further reduce the proceeds you would receive for your Securities.



The market value of the Securities will be affected by many factors beyond the control of the Issuer (including, but not limited to, the creditworthiness of the Issuer, the interest rates and yield rates in the market, the volatility of the underlying asset(s) (if any), etc.). Some or all of these factors will influence the value of the Securities in the market.



The issue price or the offer price of the Securities may be more than the market value of such Securities as at the issue date, and more than the price at which the Securities can be sold in secondary market transactions. The issue price or the offer price of the Securities may take into account, where permitted by law, fees, commissions or other amounts relating to the issue, distribution and sale of the Securities, or the provision of introductory services, expenses incurred by the Issuer in creating, documenting and marketing the Securities and amounts relating to the hedging of its obligations under the Securities.



The levels and basis of taxation on the Securities and any reliefs from such taxation will depend on an investor's individual circumstances and could change at any time. The tax and regulatory characterisation of the Securities may change over the life of the Securities. This could have adverse consequences for investors.



The Coupon Cap will not be set by the Issuer until the Initial Setting Date so that the Issuer may take into account the prevailing market conditions at the time of the close of the offer period in order that the Issuer may issue the Securities at the relevant price and on the relevant terms. There is a risk that the final amount(s) set by the Issuer will be other than the indicative amount(s) specified in the Specific Terms, although the final amount(s) will not be less than the minimum amount(s) specified in the Specific Terms or greater than the maximum amount(s) specified in the Specific Terms, as the case may be. Nevertheless, prospective - 16 -

investors must base their investment decision on the indicative amount(s) (and in light of the minimum or maximum amount(s)) so specified, and will not have a right of withdrawal from their purchase obligation when the final amount(s) are set by the Issuer. Investors should note that no supplement will be published in relation to such final setting. 

In certain circumstances (for example, if the Issuer determines that its obligations under the Securities have become unlawful or illegal or following an event of default) the Securities may be redeemed prior to their scheduled maturity. In such circumstances, the Unscheduled Termination Amount payable may be less than the original purchase price and could be as low as zero. No other amounts shall be payable in respect of the Securities on account of interest or otherwise following such determination by the Issuer.



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. In such circumstances, the Unscheduled Termination Amount payable will be at least equal to the Minimum Payment Amount, but may be less than what the redemption amount or settlement amount would have been if such event had not occurred.



Following early redemption of Securities, investors may not be able to reinvest the redemption proceeds at a comparable return and/or at an effective interest rate as high as the interest rate or yield on the Securities being redeemed and may only be able to do so at a significantly lower rate. Investors in Securities should consider such reinvestment risk in light of other investments available at that time.



Investors will have no rights of ownership, including, without limitation, any voting rights, any rights to receive dividends or other distributions or any other rights with respect to any underlying asset referenced by the Securities.



Investors may be exposed to currency risks because the underlying asset(s) may be denominated in a currency other than the currency in which the Securities are denominated, or the Securities and/or underlying asset(s) may be denominated in currencies other than the currency of the country in which the investor is resident. The value of the Securities may therefore increase or decrease based on fluctuations in those currencies.



The Issuer may apply any consequential postponement of, or any alternative provisions for, valuation of an underlying asset following certain disruption events in relation to such underlying asset, each of which may have an adverse effect on the value of and return on the Securities.



The performance of a share is dependent upon macroeconomic factors which may adversely affect the value of Securities. The issuer of a share has no obligation to any Securityholders and may take any actions in respect of such share without regard to the interests of the Securityholders, - 17 -

and any of these actions could adversely affect the market value of and return on the Securities. Securityholders will not participate in dividends or other distributions paid on such share. 

If the basket constituents are highly correlated, any move in the performance of the basket constituents will exaggerate the impact on the value of and return on the Securities. Even in the case of a positive performance by one or more of the basket constituents, the performance of the basket as a whole may be negative if the performance of one or more of the other basket constituents is negative to a greater extent.



The Issuer may modify the terms and conditions of the Securities without the consent of Securityholders for the purposes of (a) curing any ambiguity or correcting or supplementing any provision if the Issuer determines it to be necessary or desirable, provided that such modification is not prejudicial to the interests of Securityholders, or (b) correcting a manifest error.



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).



In making discretionary determinations under the terms and conditions of the Securities, the Issuer and the calculation agent may take into account the impact on the relevant hedging arrangements. Such determinations could have a material adverse effect on the value of and return on the Securities.



The Issuer may be substituted without the consent of Securityholders in favour of any affiliate of the Issuer or another company with which it consolidates, into which it merges or to which it sells or transfers all or substantially all of its property.



The Issuer is subject to a number of conflicts of interest, including: (a) in making certain calculations and determinations, there may be a difference of interest between the investors and the Issuer, (b) in the ordinary course of its business the Issuer (or an affiliate) may effect transactions for its own account and may enter into hedging transactions with respect to the Securities or the related derivatives, which may affect the market price, liquidity or value of the Securities, and (c) the Issuer (or an affiliate) may have confidential information in relation to the underlying asset(s) or any derivative instruments referencing them which may be material to an investor, but which the Issuer is under no obligation (and may be subject to legal prohibition) to disclose.

Investors may lose some or all of their investment if one or more of the following occurs: (a) the Issuer fails and is unable to make payments owing under the Securities, (b) any adjustments are made to the terms and conditions of the Securities following certain events affecting the Issuer's hedging arrangements and/or the underlying asset(s), that result in the amount payable or shares delivered being reduced, or (c) investors sell their - 18 -

Securities prior to maturity in the secondary market at an amount that is less than the initial purchase price. Section E – Other E.2b

Reasons for the offer and use of proceeds:

Not applicable; the net proceeds from the issue of the Securities will be used by the Issuer for its general corporate purposes (including hedging arrangements).

E.3

Terms and conditions of the offer:

An offer of the Securities will be made in Hungary during the period from, and including, 16 March 2016 to, and including, 31 March 2016 (the "Offer Period"). The Offer Period may be discontinued at any time. The offer price will be equal to 100 per cent. of the aggregate Nominal Amount. The Securities are offered subject to the following conditions: The offer of the Securities is conditional on their issue. The Issuer reserves the right to withdraw the offer and/or to cancel the issue of the Securities for any reason at any time on or prior to the issue date. Subscriptions and payments for the Securities shall be made to the relevant Distributor in accordance with the arrangements existing between the relevant Distributor and its customers relating to the subscription of securities generally. Applicants will be notified by the relevant Distributor of the success of their application. There is no minimum amount of application.

E.4

Interests material to the issue/offer:

Fees shall be payable to the Distributor(s). The Issuer is subject to conflicts of interest between its own interests and those of holders of Securities, as described in Element D.6 above.

E.7

Estimated expenses charged to the investor by the Issuer/offeror:

Not applicable; there are no estimated expenses charged to the purchaser by the Issuer and Distributor(s). The dealer will pay a fee to the Distributor(s) in connection with the offer of up to 2 per cent. of the Nominal Amount per Security upfront. The offer price and the terms of the Securities take into account such fee and may be more than the market value of the Securities on the issue date.

- 19 -

RISK FACTORS The risk factors set out below should be read in addition to the risk factors set out on each of (a) pages 4 and 112 to 123 (pages 6 and 114 to 125 of the PDF) of the CSi 2014 Annual Report (as defined in the section headed "Documents Incorporated by Reference" below) and (b) pages 58 to 96 (inclusive) of the Base Prospectus (as defined above). Such risk factors are risk factors that are material to the Securities in order to assess the market risk associated with them or which may affect the Issuer's ability to fulfil its obligations under them. 1.

If the Basket Performance on the Final Fixing Date is less than 100 per cent., investors will lose some of their investment.

2.

Investors may also lose some or all of their investment if one or more of the following occurs: (a)

the Issuer fails and is unable to make payments owing under the Securities;

(b)

investors sell their Securities prior to maturity in the secondary market at an amount that is less than the initial purchase price; or

(c)

any adjustments are made to the terms and conditions of the Securities following certain events affecting the Underlying Assets, that result in the amount payable being reduced.

3.

The maximum Redemption Amount is capped, and therefore investors may not participate fully in the positive performance (if any) of the Underlying Assets.

4.

Securityholders are exposed to the credit risk of the Issuer as the Securities are unsecured. The Securities will be adversely affected in the event of a default, reduced credit rating or deterioration in the solvency of the Issuer.

5.

The Securities involve complex risks, which include, among other things, share price risks, credit risks, foreign exchange risks, exchange rate risks, interest rate risks and/or political risks. Before buying the Securities, investors should carefully consider, among other things, (a) the trading price of the Securities, (b) the level and volatility of the Underlying Assets, (c) the depth of the market or liquidity of the Securities, and (d) any related transaction costs. An investment in the Securities is only suitable for investors who (either alone or in conjunction with an appropriate financial adviser) are capable of evaluating the merits and risks of such an investment. Investors should consult their own financial, tax, legal or other advisers as they consider appropriate and carefully review and consider such an investment decision in the light of the foregoing and their personal circumstances.

6.

A secondary market for the Securities may not develop and, if it does, it may not provide the holders with liquidity and may not continue for the life of the Securities. A decrease in the liquidity of the Securities may cause, in turn, an increase in the volatility associated with the price of such Securities. Illiquidity may have a severely adverse effect on the market value of the Securities.

7.

In making calculations and determinations with regard to the Securities, there may be a conflict of interest between the investors and the Calculation Agent and/or the Issuer. Save where otherwise provided, the Calculation Agent and/or the Issuer are each required to act in good faith and in a commercially reasonable manner. However, the Calculation Agent and/or the Issuer do not have any obligations of agency or trust for any investors and have no fiduciary obligations towards them. In particular, each of the Calculation Agent, the Issuer and their affiliated entities may have interests in other capacities (such as other business relationships and activities). Prospective investors should be aware that any determination made by the Calculation Agent and/or the Issuer may have a negative impact on the value of and return on the Securities.

8.

The Issuer and its affiliates are not acting as a fiduciary for, or an adviser to, any investor in respect of the Securities and each investor will be solely responsible and must have sufficient knowledge, experience and professional advice (which may be from third parties) to make its - 20 -

own evaluation of the merits and risks of investment of the Securities. Neither the Issuer, nor any of its affiliates, is an agent of any Securityholder for any purpose. 9.

By purchasing the Securities, investors acknowledge that they are not relying on the views or advice of, or any information from, the Issuer or its affiliates in respect of the purchase of the Securities.

10.

Each Security's retention of value is dependent on the creditworthiness of the Issuer, which may change over the term of the Securities. The Securities are unsubordinated and unsecured obligations of Credit Suisse International and rank equally with all other unsubordinated and unsecured obligations of Credit Suisse International. Securityholders are exposed to the risk that the Issuer could become insolvent and fail to make payments owing by it under the Securities. Credit Suisse International is a UK domiciled bank established under English law and a wholly-owned subsidiary of Credit Suisse Group AG. Credit Suisse International is regulated as an EU credit institution by the Financial Conduct Authority and the Prudential Regulation Authority (the "PRA"). The PRA has issued a scope of permission notice authorising Credit Suisse International to carry out specified regulated investment activities. Securities are not deposits, and are not covered by any deposit insurance or protection scheme.

11.

Neither the Issuer nor any of its affiliates make any representation as to the performance of the Securities.

12.

The levels and basis of taxation on the Securities and any relief from such taxation can change at any time. The levels and basis of taxation on the Securities and availability of any tax relief will depend on the individual circumstances of each investor and any tax regime which is applicable to the Security and/or the investor. The tax and regulatory characterisation of the Securities may change over the life of the Securities. This could have adverse consequences for investors.

- 21 -

DOCUMENTS INCORPORATED BY REFERENCE This Prospectus should be read and construed in conjunction with the documents incorporated by reference into this Prospectus and each supplement (if any) to this Prospectus. The information included in the following documents, except the documents incorporated by reference therein and to the extent of the information to be incorporated by reference as provided below, is hereby incorporated by reference into this Prospectus and deemed to form part of this Prospectus: (a)

the Base Prospectus;

(b)

the supplement to the Base Prospectus dated 15 February 2016 (the "15 February 2016 Supplement");

(c)

CSi's Annual Report for the year ended 31 December 2013 (the "CSi 2013 Annual Report") which contains the audited consolidated financial statements of CSi as at and for the year ended 31 December 2013 and a report of the Issuer's auditors;

(d)

CSi's Annual Report for the year ended 31 December 2014 (the "CSi 2014 Annual Report") which contains the audited consolidated financial statements of CSi as at and for the year ended 31 December 2014 and a report of the Issuer's auditors;

(e)

the 2015 Interim Report of CSi (the "CSi Interim Report"), which contains the unaudited consolidated financial statements of CSi as at and for the six months ended 30 June 2015, and a review report of CSi's auditors;

(f)

the Form 20-F of Credit Suisse AG ("CS") and Credit Suisse Group AG (the "Group") filed with the United States Securities and Exchange Commission ("SEC") on 20 March 2015 (the "Form 20-F Dated 20 March 2015"), which contains the 2014 Annual Report of the Group within which there are (i) the audited consolidated financial statements of the Group as at 31 December 2014 and 2013 and for the three years ended 31 December 2014, 2013 and 2012, (ii) a report of the Group's auditors, (iii) the audited consolidated financial statements of CS as at 31 December 2014 and 2013 and for the three years ended 31 December 2014, 2013 and 2012 and (iv) a report of CS' auditors;

(g)

the Form 6-K of CS filed with the SEC on 21 April 2015 (the "Form 6-K Dated 21 April 2015"), which includes the Credit Suisse Earnings Release 1Q15 as an exhibit thereto;

(h)

the Form 6-K of CS filed with the SEC on 30 April 2015 (the "Form 6-K Dated 30 April 2015"), which includes the Credit Suisse Financial Report 1Q15 as an exhibit thereto;

(i)

the Form 6-K of CS filed with the SEC on 23 July 2015 (the "Form 6-K Dated 23 July 2015"), which includes as an exhibit the Credit Suisse Earnings Release 2Q15, within which there is unaudited information for the Group for the three months ended 30 June 2015;

(j)

the Form 6-K of CS filed with the SEC on 31 July 2015 (the "CS Form 6-K Dated 31 July 2015"), which includes as exhibits, among other things, (i) the Credit Suisse Financial Report 2Q15, within which there is unaudited information for the Group for the three months ended 30 June 2015, and (ii) the Credit Suisse (Bank) Financial Statements 6M15, within which there is unaudited information for CS for the six months ended 30 June 2015;

(k)

the Form 6-K of the Group filed with the SEC on 31 July 2015 (the "Group Form 6-K Dated 31 July 2015"), which contains the 2015 six-month financial information relating to the Group, within which there is a discussion of the Group's core results for the six months ended 30 June 2015 compared to the six months ended 30 June 2014;

(l)

the Form 6-K of the Group and CS filed with the SEC on 21 October 2015 (the "Group and CS Form 6-K Dated 21 October 2015") which includes a media release announcing changes to Credit Suisse's strategy, structure and organisation;

(m)

the Form 6-K of CS filed with the SEC on 21 October 2015 (the "CS Form 6-K Dated 21 October 2015"), which includes the Credit Suisse Earnings Release 3Q15 as an exhibit thereto; - 22 -

(n)

the Form 6-K of CS filed with the SEC on 30 October 2015 (the "Form 6-K Dated 30 October 2015"), which includes the Credit Suisse Financial Report 3Q15 as an exhibit thereto;

(o)

the Form 6-K of CS and the Group filed with the SEC on 19 November 2015 (the "Form 6-K Dated 19 November 2015"), which includes a media release regarding the approval by the shareholders of the Group of two proposed capital increases;

(p)

the Form 6-K of CS and the Group filed with the SEC on 23 November 2015 (the "Form 6-K Dated 23 November 2015"), which includes a media release regarding the outcome of a private placement by the Group;

(q)

the Form 6-K of CS and the Group filed with the SEC on 3 December 2015 (the "Form 6-K Dated 3 December 2015"), which includes a media release regarding the results of a rights offering by the Group;

(r)

the Form 6-K of CS and the Group filed with the SEC on 8 January 2016 (the "Form 6-K Dated 8 January 2016"), which includes a presentation regarding historical financials under Credit Suisse's new reporting structure; and

(s)

the Form 6-K of CS filed with the SEC on 4 February 2016 (the "Form 6-K Dated 4 February 2016"), which includes the Earnings Release 4Q15 exhibited thereto.

Any statement contained in the documents listed above shall be deemed to be modified or superseded for the purpose of this Prospectus to the extent that a statement contained herein modifies or supersedes such earlier statement (whether expressly, by implication or otherwise). Any statement so modified or superseded shall not be deemed, except as so modified or superseded, to constitute a part of this Prospectus. The table below sets out the relevant page references for the information incorporated into this Prospectus by reference. Section Number

Section Heading

Page(s) of the PDF file

Sub-heading Base Prospectus

Risk Factors

58 to 96

Use of Proceeds

114

Overview of the Potential for Discretionary Determinations by the 115 to 122 Issuer Overview of Provisions Relating to Notes while in Global Form General Terms Conditions")

and

Conditions

of

Notes

(the

123

"General 124 to 145

Product Conditions

202 to 228

Asset Terms for Equity-linked Securities (the "Asset Terms")

229 to 244

Clearing Arrangements

447 to 448

Taxation

457 to 504

Selling Restrictions

506 to 512

15 February 2016 Supplement Amendments to the General Terms and Conditions of the Notes in 13 to 14

- 23 -

each Prospectus CSi 2013 Annual Report Independent Auditor's Report to the Members of Credit Suisse International

19 to 20

Financial Statements for the year ended 31 December 2013, including:

21 to 27

Consolidated Statement of Income for the Year ended 31 December 2013

21

Consolidated Statement of Financial Position as at 31 December 2013

22

Bank Statement of Financial Position as at 31 December 2013

23

Consolidated Statement of Changes in Equity for the Year ended 31 December 2013

24

Bank Statement of Changes in Equity for the Year ended 31 December 2013

25

Consolidated Statement of Cash Flows For the Year ended 31 December 2013

26

Bank Statement of Cash Flows For the Year ended 31 December 2013

27

Notes to the Financial Statements for the Year ended 31 December 2013

28 to 165

CSi 2014 Annual Report Information on Board of Directors, Company Secretary and Company Registration Number

3

Strategic Report for the Year ended 31 December 2014

4 to 11

Directors' Report for the Year ended 31 December 2014

12 to 13

Independent Auditor's Report to the Members of Credit Suisse International

14

Financial Statements for the year ended 31 December 2014, including:

15 to 20

Consolidated Statement of Income for the Year ended 31 December 2014

15

Statement of Comprehensive Income for the Year ended 31 December 2014

15

Consolidated Statement of Financial Position as at 31 December 2014

16

Bank Statement of Financial Position as at 31 December 2014

17

Consolidated Statement of Changes in Equity for the Year ended 31 December 2014

18

- 24 -

Bank Statement of Changes in Equity for the Year ended 31 December 2014

18

Consolidated Statement of Cash Flows For the Year ended 31 December 2014

19

Bank Statement of Cash Flows For the Year ended 31 December 2014

20

Notes to the Financial Statements for the Year ended 31 December 2014

21 to 130

CSi Interim Report Credit Suisse International

3

Interim Management Report for the Six Months Ended 30 June 2015

4 to 7

Statement of Directors' Responsibilities

8

Financial Statements for the six months ended 30 June 2015 (Unaudited)

9 to 12

Condensed Consolidated Interim Statement of Profit or Loss for the six months ended 30 June 2015 (Unaudited)

9

Statement of Profit or Loss and Other Comprehensive Income for the six months ended 30 June 2015 (Unaudited)

9

Condensed Consolidated Interim Statement of Financial Position as at 30 June 2015 (Unaudited)

10

Condensed Consolidated Interim Statement of Changes in Equity for the six months ended 30 June 2015 (Unaudited)

11

Condensed Consolidated Interim Statement of Cash Flows for the six months ended 30 June 2015 (Unaudited)

12

Notes to the Condensed Consolidated Interim Financial Statements for the Six Months Ended 30 June 2015 (Unaudited)

13 to 45

Independent Review Report to Credit Suisse International

46

Form 20-F Dated 20 March 2015 Form 20-F

Definitions

6

Sources

6

- 25 -

Cautionary statement regarding forward-looking information

6

Identity of directors, senior management and advisers

7

Offer statistics timetable

7

and

expected

Key information

7

Information on the company

7-8

Unresolved staff comments

8

Operating and financial review and prospects

8-9

Directors, senior and employees

9-10

management

Major shareholders and related party transactions

10

Financial information

10

The offer and listing

11

Additional information

11

Quantitative and qualitative disclosures about market risk

12

Description of securities other than equity securities

12

Defaults, dividend arrearages and delinquencies

12

Material modifications to the rights of security holders and use of proceeds

12

Controls and procedures

12

Audit committee financial expert

12

Code of ethics

12

Principal accountant fees and services

13

Exemptions from the listing standards for audit committee

13

Purchases of equity securities by the issuer and affiliated purchasers

13

Change in registrants' certifying accountant

13

- 26 -

Corporate governance

13

Mine Safety Disclosure

13

Financial statements

13

Exhibits

14; 16-20

Signatures

15

Exhibit to Form 20-F Dated 20 March 2015 (Annual Report 2014)

I

II

III

IV

Key metrics

22

Index

27

Information on the Company

Operating and financial review

Treasury, Risk, Balance sheet and Off-balance sheet

Corporate Governance and Compensation

Credit Suisse at a glance

36

Strategy

37-39

Our businesses

40-47

Organizational and regional structure

48-49

Regulation and supervision

50-62

Risk factors

63-70

Operating environment

72-74

Credit Suisse

75-82

Core Results

83-90

Private Banking & Wealth Management

91-103

Investment Banking

104-110

Corporate Center

111-113

Assets under management

114-116

Critical accounting estimates

117-122

Liquidity and funding management

124-131

Capital management

132-149

Risk management

150-184

Balance sheet, off-balance sheet and other contractual obligations

185-188

Corporate Governance

190-219

Compensation

220-252

- 27 -

V

VI

Consolidated financial statements – Credit Suisse Group

Parent company financial statements – Credit Suisse Group

Report of the Independent Registered Public Accounting Firm

255

Consolidated financial statements, including:

257-263

Consolidated statements of operations

257

Consolidated statements of comprehensive income

257

Consolidated balance sheets

258-259

Consolidated statements of changes in equity

260-261

Consolidated statements of cash flows

262-263

Supplemental cash flow information

263

Notes to the consolidated financial statements, including

264-398

Summary of significant accounting policies

264-272

Litigation

376-383

Condensed consolidating statements of operations

387-389

Condensed consolidating statements of comprehensive income

387-389

Condensed consolidating balance sheets

390-391

Condensed consolidating statements of cash flows

392-394


399


400

Report of the Statutory Auditor

403-404

Parent company financial statements, including:

405-406

Statements of income

405

Balance sheets

406

- 28 -

VII

VIII

Consolidated financial statements – Credit Suisse (Bank)

Parent company financial statements – Credit Suisse (Bank)

Notes to the financial statements

407-410

Proposed appropriation of retained earnings and capital distribution

411

Reports on the conditional increase of share capital

412


415

Consolidated financial statements, including:

417-423


417

Consolidated statements of comprehensive income

417


418-419


420-421

Consolidated statements of cash flows

422-423

Supplemental cash flow information

423

Notes to the consolidated financial statements

424-498


499


500

Report of the Statutory Auditor

503-504

Financial review

505

Parent company financial statements, including:

506-508

Statements of income

506

Balance sheets

507

Off-balance sheet transactions

508

Notes to the financial statements

509-517

- 29 -

IX

Appendix

Additional information

Proposed appropriation of retained earnings and distribution from general reserves

518

Statistical information

520-538

Other information

539-544

Selected five-year information

546-547

List of abbreviations

548-549

Glossary

550-553

Investor information

554-555

Financial calendar and contacts

556


557

Form 6-K Dated 21 April 2015 Form 6-K

Cover Page

1

Introduction

2

Selected financial data

3-4


5

Exhibits

6

Signatures

7

Exhibit to Form 6-K Dated 21 April 2015 (Earnings Release 1Q15) Earnings Release 1Q15

Appendix

Key metrics

9

Core Results summary

13-14


15-21

Investment Banking

22-25

Corporate Center

26

Balance sheet, shareholders’ equity, regulatory reporting and other information

27-28

Important information

29

Credit Suisse

30

Credit Suisse and Core Results

31

Credit Suisse reporting structure

31

Core Results

32

Core Results – strategic and non-

33

- 30 -

strategic results Core Results – strategic results

33

Core Results – non-strategic results

34


34-35

Private Banking & Wealth Management – strategic and nonstrategic results

35

Private Banking & Wealth Management – strategic results

36

Wealth Management Clients

37

Corporate & Institutional Clients

38

Asset Management

39

Private Banking & Wealth Management – non–strategic results

39

Investment Banking

40

Investment Banking – strategic and non-strategic results

41

Investment Banking – strategic results

41

Investment Banking – non– strategic results

42

Corporate Center results

42

Corporate Center – non–strategic results

43

Impact from movements in own credit spreads

43

Assets under management – Group

44

Net new assets – Group

44

BIS statistics – Group

45

CET1 capital movement – Group

46

Risk-weighted asset movement by risk type – Group

46

BIS leverage ratios – Group

46

Swiss statistics – Group

47

Swiss leverage metrics – Group

47

One-day, 98% risk management VaR (CHF)

47


48

- 31 -


49


50

Earnings per share

51

Relationship between total shareholders’ equity, tangible shareholders’ equity and regulatory capital

52

Regulatory capital allocation

52


53

Form 6-K Dated 30 April 2015 Form 6-K

Cover page

1

Explanatory note

2

Exhibits

3

Signatures

4

Exhibit to Form 6-K Dated 30 April 2015 (Financial Report 1Q15)

I

II

III

Credit Suisse results

Treasury, risk, balance sheet and off-balance sheet

Condensed consolidated financial statements of Credit Suisse Group AG (unaudited)

Key metrics

6

Table of contents

9


10


12-14

Credit Suisse

15-18

Core Results

19-25


26-37

Investment Banking

38-43

Corporate Center

44-45

Asset under management

46-48


50-53

Capital management

54-68

Risk management

69-78

Balance sheet and off-balance sheet

79-80


83

Condensed consolidated financial statements of Credit Suisse Group AG - unaudited

85-91

(Includes the consolidated balance sheet, income statement and cash-flow statement of Credit - 32 -

Suisse Group AG) Notes to the condensed consolidated financial statements (unaudited), including, under Note 30: Certain consolidated income statement and balance sheet

92-163

160-163

List of Abbreviations

164

Investor information

165

Foreign currency translation rates

166


167

Form 6-K Dated 23 July 2015 Form 6-K

Cover page

1

Introduction

2


3-4


5-6

Exhibits

7

Signatures

8 Exhibit to Form 6-K Dated 23 July 2015 (Earnings Release 2Q15)

Appendix

Key metrics

10


14-15


16-22

Investment Banking

23-26

Corporate Center

27


28-29


30

Credit Suisse

31


32


32

Core Results

33

Core Results – strategic and nonstrategic results

34

Core Results – strategic results

34


35

Core Results reporting by region

35

- 33 -


36

Private Banking & Wealth Management – strategic and nonstrategic results

37


37


38


39

Asset Management

40

Private Banking & Wealth Management – non-strategic results

40

Investment Banking

41

Investment Banking- strategic and non-strategic results

42


42

Investment Banking – nonstrategic results

43


43

Corporate Center- non-strategic results

44


44


45


45

BIS capital metrics – Group

46

Eligible capital - Group

46

CET1 Capital movement – Group

47

Risk-weighted assets – Group

47


47

BIS leverage metrics – Group

48

Swiss capital metrics – Group

48


48


49


50


51


52

- 34 -

Earnings per share

53


54

Cautionary statement regarding forward looking information

55

CS Form 6-K Dated 31 July 2015 Form 6-K

Cover page

1

Introduction

2

Forward-looking statements

2

Condensed consolidated financial statements

3


4

Exhibits

5

Signatures

6

First Exhibit to the CS Form 6-K Dated 31 July 2015 (Ratio of earnings to fixed charges) Ratio of earnings to fixed charges - Bank

7

Third Exhibit to the CS Form 6-K Dated 31 July 2015 (Financial Report 2Q15)

I

II

III



Condensed consolidated financial statements  unaudited

Key metrics

10


14

Table of contents

15


18-20

Credit Suisse

21-25

Core Results

26-32


33-44

Investment Banking

45-50

Corporate Center

51-52


53-56


58-61

Capital management

62-77

Risk management

78-88


89-90


93

- 35 -


95-102

(Includes the consolidated balance sheet, income statement and cash-flow statement of Credit Suisse Group AG) Notes to the condensed consolidated financial statements  unaudited, including, under Note 30:

103-183

Certain consolidated income statement and balance sheet information of Credit Suisse AG

175-183


184

Financial calendar and contacts

186


187

Fourth Exhibit to the CS Form 6-K Dated 31 July 2015 (Credit Suisse (Bank) Financial Statements 6M15) Table of contents to Credit Suisse (Bank) Financial Statements 6M15

190


191

Credit Suisse (Bank) Condensed consolidated financial statements – unaudited

193-198

Notes to the condensed consolidated financial statements (unaudited)

199-251

Group Form 6-K Dated 31 July 2015 Form 6-K

Cover Page

1

Introduction

2

Forward-looking statements

2


3-6

Condensed consolidated financial statements

7

Exhibits

8

Signatures

9

First Exhibit to the Group Form 6-K Dated 31 July 2015 (Ratio of earnings to fixed charges) Ratio of earnings to fixed charges - Group

- 36 -

10

CS Form 6-K Dated 21 October 2015 Form 6-K

Cover Page

1

Introduction

2


3-4


5-6

Exhibits

7

Signatures

8

Exhibit to CS Form 6-K Dated 21 October 2015 (Earnings Release 3Q15) Earnings Release 3Q15

Appendix

Key metrics

10


11-12


13-19

Investment Banking

20-22

Corporate Center

23


24-25


26

Credit Suisse

27


28


28

Core Results

29

Core Results – strategic and non-strategic results

30

Core Results – strategic results

30


31

Core Results reporting by region

31


32

Private Banking & Wealth Management – strategic and non-strategic results

33


33


34

- 37 -


35

Asset Management

36

Private Banking & Wealth Management – non-strategic results

36

Investment Banking

37

Investment Banking- strategic and non-strategic results

38


38

Investment Banking – nonstrategic results

39


39

Corporate Center- non-strategic results

40


40


41


41


42

Eligible capital – Group

42

CET1 Capital movement – Group

43


43


43


44


44


44


45


46


47


48

- 38 -

Earnings per share

49


50

Regulatory capital allocation

50

Cautionary statement regarding forward looking information

51

Group and CS Form 6-K Dated 21 October 2015 Whole document Form 6-K Dated 30 October 2015 (Financial Report 3Q2015) Form 6-K

Cover Page

1

Explanatory Note

2

Exhibits

3

Signatures

4

Exhibit to the Form 6-K Dated 30 October 2015 (Financial Report 3Q15)

I

II

III




Key metrics

6

Table of contents

11


12


14-16

Credit Suisse

17-22

Core Results

23-29


30-41

Investment Banking

42-47

Corporate Center

48-49


50-52


54-57

Capital management

58-73

Risk management

74-84


85-86


89

Condensed consolidated financial statements of Credit Suisse Group AG - unaudited

91-98

- 39 -

(includes the consolidated balance sheet, income statement and cash-flow statement of Credit Suisse Group AG) Notes to the condensed consolidated financial statements  unaudited, including, under Note 30: Certain consolidated income statement and balance sheet information of Credit Suisse AG

99-177

172-177


178

Foreign currency translation rates

180


181

Form 6-K Dated 19 November 2015 Whole document Form 6-K Dated 23 November 2015 Whole document Form 6-K Dated 3 December 2015 Whole document Form 6-K Dated 8 January 2016 Form 6-K

Disclaimer - Statement regarding purpose and basis of presentation

2

Financial Overview – Swiss Universal Bank

8

Financial Overview – International Wealth Management

9

Financial Overview - Asia Pacific

10

Financial Overview - Global Markets and IBCM

10

Financial Overview - SRU and Corporate Center

11

Form 6-K Dated 4 February 2016 Form 6-K

Cover Page

1

Introduction

2

- 40 -


3 to 4


5 to 6

Exhibits

7

Signatures

8

Exhibit to Form 6-K Dated 4 February 2016 (Earnings Release 4Q15) Earnings Release 4Q15

Appendix

Cover Page

9

Key metrics

10


11 to 13

Swiss Universal Bank

14 to 16

International Wealth Management

17 to 19

Asia Pacific

19 to 22

Global Markets

22 to 24

Investment Banking & Capital Markets

24 to 25

Strategic Resolution Unit

26 to 27

Corporate Center

27

Additional financial metrics

28 to 29


30

Credit Suisse

31


32

Core Results

32

Swiss Universal Bank

33

Swiss Universal Bank (continued)

33

- 41 -

Swiss Universal Bank – Private Banking

34

Swiss Universal Bank – Corporate & Institutional Banking

34

International Wealth Management

35

International Wealth Management (continued)

35

International Wealth Management – Private Banking

36

International Wealth Management – Asset Management

36

Asia Pacific

37

Asia Pacific (continued)

37

Asia Pacific – Private Banking

38

Asia Pacific – Investment Banking

38

Global Markets

39

Global Markets (continued)

39

Investment Banking & Capital Markets

40

Investment Banking & Capital Markets (continued)

40

Core Results by business activity

41

Core Results by business activity (continued)

42

Strategic Resolution Unit

43

Strategic Resolution Unit (continued)

43


44

Corporate Center results (continued)

44

- 42 -

Corporate Center – expenses before and after service allocation to divisions

44


45


45


46

Eligible capital – Group

46

Capital movement – Group

47


47


48


48


49


49


49


50


51


52

Earnings per share

53

Restructuring expenses

54

Relationship between total shareholders' equity, tangible shareholders' equity and regulatory capital

54


55

- 43 -

The information incorporated by reference that is not included in the cross reference list is considered as additional information and is not required by the relevant schedules of Commission Regulation (EC) No. 809/2004, as amended. Copies of this Prospectus and the documents incorporated by reference are available on the website of the Luxembourg Stock Exchange (www.bourse.lu). Investors who have not previously reviewed the information contained in the Base Prospectus (and the supplements to the Base Prospectus) should do so in connection with their evaluation of the Securities. Terms defined in the General Conditions, the Product Conditions or the Asset Terms shall have the same meaning herein unless otherwise defined in the Specific Terms (as defined below). In the event of any inconsistency between (a) the Specific Terms and (b) the General Conditions, the Product Conditions or the Asset Terms, the Specific Terms will prevail.

- 44 -

SPECIFIC TERMS The Securities will be subject to the General Conditions, the Product Conditions and the Asset Terms (in each case, as defined and incorporated by reference in "Documents Incorporated by Reference" above and as set out in the Base Prospectus (as incorporated by reference herein)), and also to the following provisions (the "Specific Terms"). Each reference in such General Conditions, Product Conditions and Asset Terms to the "Final Terms" shall be deemed to be deleted and replaced by the "Specific Terms". For the avoidance of doubt, the third paragraph of the General Conditions (on pages 124 to 125 of the Base Prospectus) applies with regard to the order of priority of the above terms. PART A – CONTRACTUAL TERMS 1.

Series Number:

SPLB2016-0H84

2.

Tranche Number:

Not Applicable

3.

Applicable General Conditions:

4.

Type of Security:

Return Securities

5.

Settlement Currency:

Hungarian forint ("HUF")

6.

Institutional:

Not Applicable

Terms

and

PROVISIONS RELATING TO NOTES AND CERTIFICATES 7.

General Note Conditions

Applicable

Aggregate Nominal Amount: (i)

Series:

Up to HUF 500,000,000

(ii)

Tranche:

Not Applicable

8.

Issue Price:

100 per cent. of the Aggregate Nominal Amount

9.

Specified Denomination:

HUF 500,000

10.

Minimum Transferable Number of Securities:

One Security

11.

Transferable Number of Securities:

Not Applicable

12.

Minimum Trading Lot:

Not Applicable

13.

Issue Date:

10 Currency Business Days following the Initial Setting Date or, if such date falls on different dates for different Underlying Assets, the latest of such dates to occur (expected to be 14 April 2016)

14.

Maturity Date:

5 Currency Business Days following the Final Fixing Date or, if such date falls on different dates for different Underlying Assets, the latest of such dates to occur (expected to be 7 April 2020)

15.

Coupon Basis:

Applicable: Other Coupon Provisions

16.

Redemption/Payment Basis:

Equity-linked

17.

Put/Call Options:

Not Applicable

PROVISIONS

RELATING

TO

Not Applicable

- 45 -

WARRANTS (Paragraphs 18 to 28 have been intentionally deleted) PROVISIONS RELATING TO COUPON AMOUNTS 29.

Fixed Rate Provisions (General Note Condition 4):

30.

Floating Rate Provisions (General Note Condition 4):

Not Applicable

31.

Premium Provisions Note Condition 4):

Not Applicable

32.

Other Coupon Provisions (Product Condition 2):

Applicable

(i)

Applicable

(General

Coupon Payment Event: (a)

Coupon Amount:

Not Applicable

If a Coupon Payment Event has occurred: Coupon Call If no Coupon Payment Event has occurred: zero

(b)

Coupon Event:

Payment

On the relevant Coupon Observation Date, the Basket Performance is above the Coupon Threshold corresponding to such Coupon Observation Date

(c)

Coupon Put:

Call/Coupon

-

Coupon Strike:

100 per cent.

-

Participation:

100 per cent.

-

Minimum Participation:

Not Applicable

(d)

Memory Coupon:

Not Applicable

Applicable

(ii)

Double No-Touch:

Not Applicable

(iii)

Step-Up:

Not Applicable

(iv)

Standard Coupon Call:

Not Applicable

(v)

Switch Option:

Not Applicable

(vi)

Coupon Cap:

"Coupon Cap" means, in respect of a Coupon Observation Date, indicatively an amount equal to 8.50 per cent. of the Nominal Amount, or such other amount as the Issuer shall determine in its discretion on the Initial Setting Date by reference to the then prevailing market conditions, subject to a minimum of 7.30 per cent. of the Nominal Amount and a maximum of 9.30 per cent. of the Nominal Amount. The definition of "Coupon Cap" in Product Condition 2(c) shall be deemed to be amended accordingly

(vii)

Coupon Floor:

An amount equal to 4 per cent. of the Nominal Amount

(viii)

Coupon

Payment

In respect of a Coupon Observation Date, 5 Currency

- 46 -

Date(s):

Business Days following such Coupon Observation Date

(ix)

Coupon Threshold:

In respect of a Coupon Observation Date, 100 per cent.

(x)

Coupon Date(s):

Observation

In respect of an Underlying Asset, each of 31 March 2017, 31 March 2018, 31 March 2019 and 31 March 2020

(xi)

Coupon Observation Date subject to Valuation Date adjustment:

Valuation Date adjustment applicable in respect of all Coupon Observation Dates

(xii)

Coupon Period(s):

Not Applicable

(xiii)

Coupon Fixing Price:

In respect of an Underlying Asset, the Level with regard to the Valuation Time of such Underlying Asset on the relevant Coupon Observation Date

(xiv)

Coupon Fixing Price Cap:

Not Applicable

(xv)

Coupon Floor:

Not Applicable

Observation

Fixing

Price

PROVISIONS RELATING TO REDEMPTION/SETTLEMENT 33.

Redemption Condition 3):

Amount

(Product Option

Basket Put

(i)

Redemption Percentage:

(ii)

Participation Percentage:

Minus 100 per cent.

-

Not Applicable

Minimum Participation Percentage:

100 per cent.

(iii)

Redemption Amount Cap:

Not Applicable

(iv)

Redemption Percentage:

Zero per cent.

(v)

FX Adjusted:

Not Applicable

(vi)

Lock-in Call:

Not Applicable

(vii)

Booster Call:

Not Applicable

(viii)

Put Performance:

Not Applicable

(ix)

Knock-in Provisions:

Not Applicable

(x)

Strike:

100 per cent. (expressed as a decimal)

(xi)

Performance Cap:

Applicable: 11 per cent.

Floor

34.

Initial Setting Date:

31 March 2016

35.

Initial Averaging Dates:

Not Applicable

36.

Final Fixing Date:

31 March 2020

37.

Averaging Dates:

Not Applicable - 47 -

38.

Final Price:

Not Applicable

39.

Redemption Final Price:

In respect of an Underlying Asset, the Level (with regard to the Valuation Time) of such Underlying Asset on the Final Fixing Date

40.

(i)

Redemption Cap:

Final

Price

Not Applicable

(ii)

Redemption Floor:

Final

Price

Not Applicable

Strike Price:

In respect of an Underlying Asset, the Level (with regard to the Valuation Time) of such Underlying Asset on the Initial Setting Date

(i)

Strike Cap:

Not Applicable

(ii)

Strike Floor:

Not Applicable

41.

Trigger Redemption Condition 3(c)):

(Product

Not Applicable

42.

Details relating Securities:

to

Instalment

Not Applicable

43.

Physical Settlement (Product Condition 4):

Provisions

Not Applicable

44.

Put Option:

Not Applicable

45.

Call Option:

Not Applicable

46.

Unscheduled Termination Amount: (i)

Unscheduled Termination at Par:

Not Applicable

(ii)

Minimum Payment Amount:

Applicable – Denomination

(iii)

Deduction for Hedge Costs:

Not Applicable

47.

Payment Disruption:

48.

Interest and Currency Additional Disruption Event:

89

per

cent.

of

Not Applicable Rate

Not Applicable

UNDERLYING ASSET(S) 49.

List of Underlying Asset(s):

Applicable

i

Underlying Asseti

Weightingi

Compositei

1.

The ordinary shares of Vodafone Group PLC (the "Vodafone Group Shares")

1/3

Not Applicable

2.

The ordinary shares of The Procter and Gamble Company (the "Procter

1/3

Not Applicable

- 48 -

the

Specified

and Gamble Shares") 3.

50.

The ordinary shares of Allianz SE (the "Allianz Shares")

1/3

Equity-linked Securities:

Applicable

Single Share, Share Basket or Multi-Asset Basket:

Share Basket

Not Applicable

In respect of the Vodafone Group Shares: (i)

Share Issuer:

Vodafone Group PLC

(ii)

Share:

The Vodafone Group Shares

(iii)

ISIN:

GB00BH4HKS39

(iv)

Bloomberg Code:

VOD LN <Equity>

(v)

Information Source:

www.bloomberg.com

(vi)

Exchange:

London Stock Exchange

(vii)

Related Exchange:

All Exchanges

(viii)

Maximum Disruption:

of

Eight Scheduled Trading Days as specified in Asset Term 1

(ix)

Adjustment basis for Share Basket and Reference Dates:

In respect of the Initial Setting Date, each Coupon Observation Date and the Final Fixing Date: Share Basket and Reference Dates – Common/Individual

(x)

Adjustment basis for Share Basket and Averaging Reference Dates:

Not Applicable

(xi)

Trade Date:

26 February 2016

(xii)

Jurisdictional Event:

Not Applicable

(xiii)

Jurisdictional Jurisdiction(s):

(xiv)

Share Substitution:

(xv)

Additional Events:

Days

Event

Not Applicable Applicable

Disruption

(a)

Change in Law:

Change in Law Option 1 Applicable

(b)

Foreign Ownership Event:

Not Applicable

(c)

FX Disruption:

Not Applicable

(d)

Insolvency Filing:

Applicable

(e)

Hedging Disruption:

Applicable

(f)

Increased Cost of


Hedging: (g)

Loss of Borrow:

Stock

Not Applicable

(h)

Increased Cost of Stock Borrow:

Not Applicable

In respect of the Procter & Gamble Shares: (i)

Share Issuer:

The Procter & Gamble Company

(ii)

Share:

The Procter & Gamble Shares

(iii)

ISIN:

US7427181091

(iv)

Bloomberg Code:

PG UN <Equity>

(v)

Information Source:

www.bloomberg.com

(vi)

Exchange:

New York Stock Exchange

(vii)

Related Exchange:

All Exchanges

(viii)

Maximum Disruption:

of


(ix)


In respect of the Initial Setting Date, each Coupon Observation Date and the Final Fixing Date: Share Basket and Reference Dates – Common/Individual

(x)


Not Applicable

(xi)

Trade Date:

26 February 2016

(xii)


Not Applicable

(xiii)


(xiv)

Share Substitution:

(xv)

Additional Events:

Days

Event


Disruption

(a)

Change in Law:


(b)


Not Applicable

(c)

FX Disruption:

Not Applicable

(d)

Insolvency Filing:

Applicable

(e)

Hedging Disruption:

Applicable

(f)

Increased Cost of Hedging:

Not Applicable

(g)

Loss

Not Applicable

of

Stock

- 50 -

Borrow: (h)

Increased Cost of Stock Borrow:

Not Applicable

In respect of the Allianz Shares: (i)

Share Issuer:

Allianz SE

(ii)

Share:

The Allianz Shares

(iii)

ISIN:

DE0008404005

(iv)

Bloomberg Code:

ALV GY <Equity>

(v)

Information Source:

www.bloomberg.com

(vi)

Exchange:

Xetra

(vii)

Related Exchange:

All Exchanges

(viii)

Maximum Disruption:

of


(ix)


In respect of the Initial Setting Date, each Coupon Observation Date and the Final Fixing Date – Common/Individual

(x)


Not Applicable

(xi)

Trade Date:

26 February 2016

(xii)


Not Applicable

(xiii)


(xiv)

Share Substitution:

(xv)

Additional Events:

Days

Event


Disruption

(a)

Change in Law:


(b)


Not Applicable

(c)

FX Disruption:

Not Applicable

(d)

Insolvency Filing:

Applicable

(e)

Hedging Disruption:

Applicable

(f)

Increased Cost of Hedging:

Not Applicable

(g)

Loss of Borrow:

Stock

Not Applicable

(h)

Increased Cost of


Stock Borrow: 51.

Equity Index-linked Securities:

Not Applicable

52.

Commodity-linked Securities:

Not Applicable

53.

Commodity Index-linked Securities:

Not Applicable

54.

ETF-linked Securities:

Not Applicable

55.

FX-linked Securities:

Not Applicable

56.

FX Index-linked Securities:

Not Applicable

57.

Inflation Index-linked Securities:

Not Applicable

58.

Interest Securities:

Not Applicable

59.

Cash Index-linked Securities:

Not Applicable

60.

Multi-Asset Securities:

Not Applicable

61.

Fund-linked Securities:

Not Applicable

62.

Valuation Time:

As determined in accordance with Equity-linked Securities Asset Term 1

Rate

Index-linked

Basket-linked

GENERAL PROVISIONS 63.

(i)

Form of Securities:

Registered Securities

(ii)

Global Security:

Applicable

(iii)

Held under the NSS:

Not Applicable

(iv)

Intended to be held in a manner which would allow Eurosystem eligibility:

No

(v)

The Issuer intends to permit indirect interests in the Securities to be held through CREST Depository Interests to be issued by the CREST Depository:

Not Applicable

64.

Financial Centre(s):

Not Applicable

65.

Business Centre(s):

Not Applicable

66.

Listing and Admission to Trading:

Applicable

(i)

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

Luxembourg Stock Exchange

(ii)

Admission to trading:

Application has been made for the Securities to be listed on the Official List of the Luxembourg Stock Exchange and to be admitted to trading on the Regulated Market of the Luxembourg Stock Exchange with effect from, at the earliest, the Issue Date, - 52 -

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.

68.

Security Symbols:

Codes

and

Ticker

ISIN:

XS1355063543

Common Code:

135506354

Swiss Security Number:

24037346

Telekurs Ticker:

Not Applicable

WKN Number:

Not Applicable

Clearing and Trading: Clearing System(s) and any relevant identification number(s):

Euroclear Bank S.A./N.V. and Clearstream Banking, 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 (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):


72.

Specified newspaper for purposes of notices Securityholders:

73.

Additional Provisions:

the to

Not Applicable

Not Applicable

- 53 -

PART B – OTHER INFORMATION Terms and Conditions of the Offer 1.

Offer Price:

The Offer Price will be equal to the Issue Price. See item 11 below for information on applicable fees.

2.

3.

Total amount of the offer. If the amount is not fixed, description of the arrangements and time for announcing to the public the definitive amount of the offer:

Up to HUF 500,000,000

Conditions to which the offer is subject:

The offer of the Securities is conditional on their issue.

To be determined on the basis of the demand for the Securities and prevailing market conditions and published in accordance with Article 8 of the Prospectus Directive.

The Issuer reserves the right to withdraw the offer and/or to cancel the issue of the Securities for any reason at any time on or prior to the Issue Date. For the avoidance of doubt, if any application has been made by a potential investor and the Issuer exercises such a right, each such potential investor will not be entitled to subscribe or otherwise purchase any Securities. The relevant Distributor will repay the Offer Price and any commission paid by any investor without interest. 4.

The time period during which the offer will be open ("Offer Period"):

From, and including 16 March 2016 to, and including, 31 March 2016. The Offer Period may be discontinued at any time. Notice of the early closure of the Offer Period will be made to investors by appropriate means (and also through a notice published on the relevant Distributor's website, if available). See further the section entitled "Details of the minimum and/or maximum amount of application" set out in item 7 below.

5.

Description of the application process:

Prospective investors may apply to the relevant Distributor to subscribe for Securities in accordance with the arrangements existing between the relevant Distributor and its customers relating to the subscription of securities generally. Investors will be notified by the relevant Distributor of the amount allotted. Prospective investors will not be required to enter into any contractual arrangements directly with the Issuer in relation to the subscription for the Securities.

6.

Description of the possibility to reduce subscriptions and manner for refunding excess amount paid by applicants:

Not Applicable.

7.

Details

There is no minimum amount of application.

of

the

minimum

and/or

- 54 -

maximum amount of application:

All of the Securities requested through the relevant Distributor during the Offer Period will be assigned up to the maximum amount of the offer. In the event that requests exceed the total amount of the offer, the relevant Distributor will close the Offer Period early, pursuant to item 4 above.

8.

Details of the method and time limits for paying up and delivering the Securities:

Payments for the Securities shall be made to the relevant Distributor in accordance with the arrangements existing between the relevant Distributor and its customers relating to the subscription of securities generally, as instructed by the relevant Distributor. The Securities are expected to be delivered to the purchasers' respective book entry securities accounts on or around the date as notified by the relevant Distributor.

9.

Manner in and date on which results of the offer are to be made public:

The results of the offer will be published on the relevant Distributor's website following the closing of the Offer Period on or around the Issue Date or, if such website is not available, the results of the offer will be available upon request from the relevant Distributor.

10.

Process for notification to applicants of the amount allotted and the indication whether dealing may begin before notification is made:

Applicants will be notified by the relevant Distributor of the success of their application.

11.

Amount of any expenses and taxes specifically charged to the subscriber or purchaser:

The Dealer will pay a fee to the Distributor(s) in connection with the offer of up to 2 per cent. of the Nominal Amount per Security upfront. The Offer Price and the terms of the Securities take into account such fee and may be more than the market value of the Securities on the Issue Date. The Issuer is not aware of any expenses or taxes specifically charged to the subscriber and not disclosed herein.

12.

Name(s) and address(es), to the extent known to the Issuer, of the placers ("Distributors") in the various countries where the offer takes place:

Citibank Europe plc, Hungarian Branch Office H-1051 Budapest Szabadság tér 7 Hungary

13.

Consent:

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 address Authorised Offeror(s):

(b)

Offer period for which use of the Prospectus is

- 55 -

and of

See item 12 above

Offer Period

authorised by the Authorised Offeror(s): (c)

Conditions to the use of the Prospectus by the Authorised Offeror(s):

The Prospectus may only be used by the Authorised Offeror(s) to make offerings of the Securities in the jurisdiction(s) in which the Non-exempt Offer is to take place.

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, the 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. Neither the Issuer nor any dealer has any responsibility or liability for such information provided by that Authorised Offeror. Interests of Natural and Legal Persons involved in the Offer So far as the Issuer is aware, no person involved in the offer of the Securities has an interest material to the offer, save for any fees payable to the Distributor(s). The Dealer will pay a fee to the Distributor(s) in connection with the offer of up to 2 per cent. of the Nominal Amount per Security upfront. The Offer Price and the terms of the Securities take into account such fee and may be more than the market value of the Securities on the Issue Date. Performance of Underlying Assets and other information concerning the Underlying Assets Information on each of the Underlying Assets, including information about past and future performance and volatility can be found at www.bloomberg.com (but the information appearing on such website does not form part of this Prospectus). POST-ISSUANCE INFORMATION The Issuer will not provide any post-issuance information with respect to the Underlying Assets, unless required to do so by applicable law or regulation. REASONS FOR THE OFFER, ESTIMATED NET PROCEEDS AND TOTAL EXPENSES (i)

Reasons for the offer:

Not Applicable; the net proceeds from the offer of the Securities will be used by the Issuer for its general corporate purposes (including hedging arrangements).

(ii)

Estimated net proceeds:

Not Applicable.

(iii)

Estimated total expenses:

Not Applicable; there are no estimated expenses charged to the investor by the Issuer.

- 56 -

- 57 -

Signed on behalf of the Issuer:

By: _____________________ Duly authorised

By: _____________________ Duly authorised

- 58 -

CREDIT SUISSE INTERNATIONAL History, Development and Organisational Structure Credit Suisse International ("CSi") was incorporated in England and Wales under the Companies Act 1985, on 9 May 1990, with registered no. 2500199 and was re-registered as an unlimited company under the name "Credit Suisse Financial Products" on 6 July 1990, and was renamed Credit Suisse First Boston International on 27 March 2000 and Credit Suisse International on 16 January 2006. CSi, a UK domiciled bank established under English law, is an indirect wholly owned subsidiary of Credit Suisse Group AG. CSi's registered head office is in London and is located at One Cabot Square, London E14 4QJ and its telephone number is +44 (0)20 7888 8888. CSi is an English bank and is regulated as an EU credit institution by the Financial Conduct Authority ("FCA") and the Prudential Regulation Authority ("PRA"). The PRA has issued a scope of permission notice authorising CSi to carry out specified regulated investment activities. CSi is an unlimited company and, as such, its shareholders have a joint, several and unlimited obligation to meet any insufficiency in the assets of CSi in the event of its liquidation. The joint, several and unlimited liability of the shareholders of CSi to meet any insufficiency in the assets of CSi will only apply upon liquidation of CSi. Therefore, prior to any liquidation of CSi, the creditors may only have recourse to the assets of CSi and not to those of its shareholders. CSi and its consolidated subsidiaries have unrestricted and direct access to funding sources of the Group. After making enquiries of the Group, the Directors of CSi have received a confirmation that the Group will ensure that CSi maintains a sound financial position and is able to meet its debt obligations for the foreseeable future. Principal Activities and Principal Markets CSi commenced business on 16 July 1990. Its principal business is banking, including the trading of derivative products linked to interest rates, foreign exchange, equities, commodities and credit. The primary objective of CSi is to provide comprehensive treasury and risk management derivative product services. CSi has established a significant presence in global derivative markets through offering a full range of derivative products and continues to develop new products in response to the needs of its customers and changes in underlying markets. The business is managed as a part of the Global Markets and Investment Banking and Capital Markets Divisions of Credit Suisse AG. For more information on CSi's principal markets and activities, see page 2 (page 4 of the PDF) of the CSi 2014 Annual Report. The liquidity and capital requirements of CSi and its consolidated subsidiaries are managed as an integral part of the wider CS group framework. This includes the local regulatory liquidity and capital requirements in the UK. Organisational Structure The subsidiaries of CSi which are consolidated in the financial statements contained in the CSi 2014 Annual Report are listed on pages 72 to 73 (pages 74 to 75 of the PDF) of the CSi 2014 Annual Report, each of which is wholly owned by CSi. For information on CSi's relationship with Credit Suisse Group AG, see page 2 (page 4 of the PDF) of the CSi 2014 Annual Report. Major Shareholders The shareholders of CSi are: (a)

Credit Suisse Group AG, whose head office is at Paradeplatz 8, CH-8070 Zürich, Switzerland, and who is the ultimate parent of the consolidated Credit Suisse Group which includes Credit Suisse AG;

(b)

Credit Suisse AG, a Swiss bank and a leading global bank with its registered head office at Paradeplatz 8, CH-8070 Zürich, Switzerland who provides its clients with private banking, investment banking and asset management services worldwide; - 59 -

(c)

Credit Suisse AG, Guernsey Branch, whose place of business is at Helvetia Court, Les Echelons, South Esplanade, St Peter Port GY1 3ZQ, Guernsey was established as a Branch of Credit Suisse AG on 1 April 1986 and whose principal activities are deposit taking, bond issuing and lending the funds received within the Credit Suisse Group; and

(d)

Credit Suisse PSL GmbH, whose registered office is c/o Credit Suisse AG, Paradeplatz 8, 8001 Zürich, Switzerland and was incorporated in Zürich, Switzerland on 29 September 2009 and whose principal activity is to finance, purchase, hold, manage and sell financial participations in other Credit Suisse Group companies. Credit Suisse Group AG

Credit Suisse AG Zurich Stammhaus

Guernsey Branch

Credit Suisse PSL GmbH


There is trading of shares in CSi between these shareholders and therefore the respective shareholdings will change from time to time, although CSi will remain an indirect wholly owned subsidiary of Credit Suisse Group AG. Directors and Management The members of the Board of Directors of CSi and their principal outside occupations are set out below. There are no potential conflicts of interests between any duties to CSi of the below members of the Board of Directors and their private interests and / or other duties. The business address of each member of the Board of Directors is One Cabot Square, London E14 4QJ. Board Member Noreen Doyle (Non- Executive Chair)

External Activities 

Independent member and Chair of the Board of Directors, the Nomination and the Advisory Remuneration Committee, independent member of the Risk Committee and Audit Committee of CSi.



Ms. Doyle also serves as Vice- Chair and Lead Independent Director of the Board, member of the Audit Committee and the Chairman’s and Governance Committee of Credit Suisse AG and Credit Suisse Group AG.



Additionally Ms. Doyle is also: o

Chair of the BBA; and

o

a member of the Board of Directors of the

- 60 -

Newmont Mining Corporation. Richard Thornburgh (Non- Executive Director)



Independent member of the Board of Directors and the Audit, Nomination and Advisory Remuneration Committee and Chairman of the Risk Committee of CSi.



Mr. Thornburgh also serves as Vice-Chair of the Board, member of the Audit Committee, Chair of the Risk Committee and a member of the Chairman’s and Governance Committee of Credit Suisse AG and Credit Suisse Group AG.



Additionally Mr. Thornburgh is also: o

Vice-Chairman of Corsair Capital LLC (New York);

o

a member of the Board of Directors of Reynolds American Inc. (Winston-Salem);

o

a member of the Board of Directors, of McGraw Hill Financial (New York);

o

a member of the Board of Directors and Lead Director for New Star Financial Inc. (Massachusetts); and

o

a member of the Board of Directors of CapStar Bank.



Managing Director in the CRO division of CSi.



Mr. Forrester is the Global Head of ERM and CRO Change.



Managing Director in the CRO division of CSi.



Mr. Ingram is also Chief Risk Officer of CSi and Credit Suisse Securities (Europe) Ltd.



Managing Director in the CFO division of CSi.



Mr. Horne is also Deputy CEO of CSi and Credit Suisse Securities (Europe) Ltd.

David Livingstone



Vice Chairman of the Investment Banking and Capital Markets division of CSi.

Alison Halsey



Independent member of the Board of Directors, Chair of the Audit Committee and Member of the Risk, Nomination and Advisory Remuneration Committee of CSi.



Ms. Halsey is also:

Jason Forrester

Paul Ingram

Christopher Horne

o

Non-executive Director, Chair of the Audit & Risk Committee and Member of the Nomination and Remuneration Committees of Cambian Group Plc.;

o

Non-executive Director, Chair of the Audit

- 61 -

Committee, and Member of the Nomination, Remuneration and Risk Advisory Committees of Provident Financial Group Plc.; and o

Stephen Dainton



Non-executive Director and Member of the Risk & Compliance, Audit and Nominations Committees of Aon UK Limited.

Managing Director in Regional EQ in the Global Markets division of CSi.

Pages 1 and 10 (pages 3 and 12 of the PDF) of the CSi 2014 Annual Report provide further information on CSi's Board of Directors. Legal and Arbitration Proceedings During the last 12 months there have been no governmental, legal or arbitration proceedings which may have, or have had in the past, significant effects on the financial position or profitability of CSi, and CSi is not aware of any such proceedings being either pending or threatened, except as disclosed below: 1.

European Commission Statement of Objections re CDS In July 2013, the Directorate General for Competition of the European Commission ("DG Comp") issued a Statement of Objections ("SO") to various entities of thirteen CDS dealer banks, certain Markit entities and the International Swaps and Derivatives Association, Inc. ("ISDA") in relation to its investigation into possible violations of competition law by certain CDS market participants. Certain Credit Suisse entities were among the named bank entities. The SO marked the commencement of enforcement proceedings in respect of what DG Comp alleged were unlawful attempts to prevent the development of exchange traded platforms for CDS between 2006 and 2009. In December 2015, DG Comp announced that it was closing the proceedings against the Credit Suisse entities and the other dealer banks, although the proceedings would continue against the Markit entities and ISDA.

2.

US Antitrust Class Action re CDS Certain Credit Suisse entities, as well as other banks, have been named in civil litigation in the US, currently pending in the US District Court for the Southern District of New York. In August 2015, Credit Suisse and the class action plaintiffs reached an agreement in principle to settle the action. The settlement is subject to the execution of formal settlement documentation and court approval. Further, Credit Suisse (USA), Inc. has received civil investigative demands from the United States Department of Justice.

3.

Rosserlane and Swinbrook v Credit Suisse International CSi is the defendant in English court litigation brought by Rosserlane Consultants Limited and Swinbrook Developments Limited (the "claimants"). The litigation relates to the forced sale by CSi in 2008 of Caspian Energy Group LP ("CEG"), the vehicle through which the claimants held a 51 per cent. stake in the Kyurovdag oil and gas field in Azerbaijan. CEG was sold for USD 245m following two unsuccessful M&A processes. The claimants allege that CEG should have been sold for at least USD 700m. CSi is vigorously defending the claims, which it believes are without merit. The trial commenced in October 2014 and on 20 February 2015 the case was dismissed and judgment given in favour of CSi. The claimants are now appealing the judgment.

4.

CSi is defending a EUR 170 million clawback claim brought by the Winding Up Committee ("WUC") of Kaupthing Bank hf in the District Court of Reykjavik, Iceland. The claim relates to the issuance of ten credit linked notes issued in 2008, which the WUC is seeking to challenge under various provisions of Icelandic insolvency law in order to claw back funds paid to CSi. The WUC is also claiming significant penalty interest under Icelandic law. CSi argues that the - 62 -

purchase of the credit linked notes is governed by English law, which does not provide a legal basis for such clawback actions. In October 2014, the Court of the European Free Trade Association States issued a non-binding decision supporting the Issuer's position that the governing law of the transactions is relevant. Separately, CSi is pursuing a claim for USD 226 million in the District Court of Reykjavik, Iceland against Kaupthing Bank hf's WUC in order to enforce certain security rights arising under a 2007 structured trade. CSi acquired the security rights following Kaupthing Bank hf's insolvency in 2008. A trial of both matters is currently expected to take place in 2017. 5.

CSi is the defendant in German court litigation brought by Stadtwerke Munchen GmbH, a German water utility company (the "claimant"). The litigation relates to a series of interest rate swaps entered into between 2008 and 2012. The claimant alleges breach of an advisory duty to provide both investor and investment-specific advice, including in particular a duty to disclose the initial mark-to-market value of the trades at inception. The claimant seeks damages of EUR 15 million, repayment of EUR 114 million of collateral held by CSi and release from all future obligations under the trades. A preliminary hearing has been rescheduled to February 2016, with further hearing dates expected in 2016/2017.

Provision for litigation is disclosed in Note 19 to the interim consolidated financial statements on page 21 of the CSi Interim Report (page 23 of the PDF). Financial Information Financial information relating to CSi is contained in its Annual Reports for the years ended 31 December 2013 and 31 December 2014 (the "CSi Annual Reports") which are incorporated by reference in this Base Prospectus. Financial information in the CSi Annual Reports has been audited. CSi's Annual Reports are available to the public on the Credit Suisse Group AG website at https://www.credit-suisse.com/ch/en/investment-banking/financial-regulatory/international.html. Auditor CSi's auditor is KPMG LLP, 15 Canada Square, London E14 5GL. KPMG LLP is registered to carry out audit work by the Institute of Chartered Accountants in England and Wales. CSi's auditor, as named above, has held office from the start of the accounting period ending 31 December 2014 until the start of the next period. KPMG Audit Plc, who previously acted as auditor, has instigated an orderly wind down of its business and has not been reappointed as auditor. Further information on the Issuer's auditor may be found on pages 11 and 12 (pages 13 and 14 of the PDF) of the CSi 2014 Annual Report.

- 63 -

GENERAL INFORMATION 1.

Approval and passporting for the purposes of the Prospectus Directive: This Prospectus has been approved by the Commission de Surveillance du Secteur Financier (the "CSSF"), as competent authority under the Prospectus Directive. The CSSF only approves this Prospectus as meeting the requirements imposed under Luxembourg and EU law pursuant to the Prospectus Directive. By approving the Prospectus, the CSSF gives no undertaking as to the economic and financial soundness of the Securities and quality or solvency of the Issuer in line with the provisions of article 7(7) of the Luxembourg Act dated 10 July 2005 on prospectuses for securities as amended on 3 July 2012. The Issuer has requested the CSSF to provide the competent authority in Hungary for the purposes of the Prospectus Directive with a certificate of approval in accordance with Article 18 of the Prospectus Directive attesting that this document has been drawn up in accordance with the Prospectus Directive.

2.

Responsibility Statement: The Issuer accepts responsibility for the information contained in this Prospectus. To the best of the knowledge of the Issuer, having taken all reasonable care to ensure that such is the case, the information contained in this document is in accordance with the facts and does not omit anything likely to affect the import of such information.

3.

Consent to use the Prospectus: The Issuer consents to the use of the Prospectus in connection with the making of an offer of the Securities to the public requiring the prior publication of a prospectus under the Prospectus Directive (a "Non-exempt Offer") (a) by the financial intermediary/ies (each, an "Authorised Offeror"), (b) during the offer period, in Hungary and (c) subject to the relevant conditions, in each case as specified herein. It shall be a condition of such consent that the Prospectus may only be used by the relevant Authorised Offeror(s) to make offers of the relevant Securities in the jurisdiction(s) in which the Non-exempt Offer is to take place, as specified herein, subject to the consent being valid in relation to Luxembourg and each other Member State the competent authority of which has been provided with a certificate of approval by the competent authority in relation to this document under Article 18 of the Prospectus Directive. The Issuer may (a) give consent to one or more additional Authorised Offerors after the date of this Prospectus, (b) discontinue or change the offer period, and/or (c) remove or add conditions and, if it does so, such information in relation to the relevant Securities will be published on http://opus.credit-suisse.com. The Issuer accepts responsibility for the content of this document in relation to any person (an "investor") purchasing Securities pursuant to a Non-exempt Offer where the offer to the Investor is made (a) by an Authorised Offeror (or the Issuer or the Dealer), (b) in a Member State for which the Issuer has given its consent, (c) during the offer period for which the consent is given and (d) in compliance with the other conditions attached to the giving of the consent. However, neither the Issuer nor the Dealer has any responsibility for any of the actions of any Authorised Offeror, including compliance by an Authorised Offeror with applicable conduct of business rules or other local regulatory requirements or other securities law requirements in relation to such offer. Other than in accordance with the terms set forth in the paragraph above, the Issuer has not authorised (and nor has the Dealer) the making of any Non-exempt Offers of the Securities or the use of this document by any person. No financial intermediary or any other person is permitted to use this document in connection with any offer of the Securities in any other circumstances. Any such offers are not made on behalf of the Issuer (or the Dealer) and neither the Issuer nor the Dealer has any responsibility or liability to any investor purchasing Securities pursuant to such offer or for the actions of any person making such offer. Investors intending to purchase Securities from an Authorised Offeror 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 the investor, including as to price and settlement arrangements. The Issuer will not be a party to any such arrangements and, - 64 -

accordingly, this document does not contain any information relating to such arrangements. The terms and conditions of such offer should be provided to the investor by that Authorised Offeror at the time the offer is made. Neither of the Issuer nor any Dealer has any responsibility or liability for such information provided by that Authorised Offeror. 4.

Listing and admission to trading: Application has been 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, at the earliest, the Issue Date. There can be no assurance that any such listing will be obtained, or if obtained, will be maintained. The Regulated Market of the Luxembourg Stock Exchange is a regulated market for the purposes of the Markets in Financial Instruments Directive (Directive 2004/39/EC). This Prospectus will constitute a prospectus for the purposes of the Prospectus Directive.

5.

The Issuer has obtained all necessary consents, approvals and authorisations in connection with the issue of the Securities. The issue of the Securities will be in accordance with the resolution of the Board of Directors of the Issuer dated 13 March 2006.

6.

There has been no material adverse change in the prospects of the Issuer and its consolidated subsidiaries since 31 December 2014. There has been no significant change in the financial position of the Issuer and its consolidated subsidiaries since 30 June 2015. See pages 4 and 112 to 123 (pages 6 and 114 to 125 of the PDF) of the CSi 2014 Annual Report and the section entitled "Risk Factors" herein, that together disclose the principal risks to the Issuer. Please see the sections entitled "Operating Environment" on pages 8 to 10 (pages 14 to 16 of the PDF) of the exhibit to the Form 6-K Dated 30 October 2015, "Economic Environment" on pages 2 to 3 (pages 4 to 5 of the PDF) of the CSi Interim Report, "Operating Environment" on pages 8 to 10 (pages 18 to 20 of the PDF) of the third exhibit (Credit Suisse Financial Report 2Q15) to the CS Form 6-K Dated 31 July 2015, "Operating Environment" on pages 6 to 8 (pages 12 to 14 of the PDF) of the exhibit to the Form 6-K Dated 30 April 2015, "Operating Environment" on pages 48 to 50 (pages 72 to 74 of the PDF) of the Exhibit to the Form 20-F Dated 20 March 2015 and "Economic environment" on pages 2 to 3 (pages 4 to 5 of the PDF) of the CSi 2014 Annual Report for information relating to the economic environment that may affect the future results of operations or financial condition of the Group and its consolidated subsidiaries, including CSi.

7.

Save as disclosed in the paragraph entitled "Legal and Arbitration Proceedings" in the section headed "Credit Suisse International" herein, the Issuer is not involved in any governmental, legal or arbitration proceedings that may have, or have had during the 12 months preceding the date of this document, a significant effect on its financial position or profitability or that of the Issuer and its consolidated subsidiaries. Nor, to the best of the knowledge and belief of the Issuer, are any such proceedings pending or threatened.

8.

The Securities will be offered to retail investors in Hungary.

9.

Copies of the agency agreement and deeds of covenant of the Programme will be available for inspection during normal business hours on any business day (except Saturdays, Sundays and legal holidays) at the offices of the Paying Agents. In addition, copies of the following will be available free of charge during normal business hours on any business day (except Saturdays, Sundays and legal holidays) at the offices of the Paying Agents and at the registered office of the Issuer, if applicable: (a)

the Memorandum and Articles of Association of the Issuer;

(b)

the audited accounts and unaudited interim accounts of the Issuer for the last two years;

(c)

a copy of this Prospectus together with any supplement to this Prospectus; and

(d)

a copy of any document incorporated by reference in this Prospectus. - 65 -

10.

The Issuer’s auditor is KPMG LLP, 15 Canada Square, London E14 5GL. KPMG LLP is registered to carry out audit work by the Institute of Chartered Accountants in England and Wales. The Issuer’s auditor, as named above, has held office from the start of the accounting period ending 31 December 2014 until the start of the next period. KPMG Audit Plc, who previously acted as auditor, has instigated an orderly wind down of its business and has not been reappointed as auditor. Further information on the Issuer’s auditor may be found on pages 11 and 12 of the 2014 CSi Annual Report.

11.

The Issuer's registered head office is located at One Cabot Square, London E14 4QJ, England and the telephone number is +44 207 888 8888.

12.

The Securities may be accepted for clearance through the following clearing systems (which are the entities in charge of keeping the relevant records):

13.

(a)

Euroclear Bank S.A./N.V. (1 Boulevard du Roi Albert II, B-1210 Brussels, Belgium); and

(b)

Clearstream Banking, société anonyme, Luxembourg (42 Avenue JF Kennedy, L-1855 Luxembourg).

If the Issuer publishes a supplement to the Prospectus pursuant to Article 16 of the Prospectus Directive which relates to the Issuer or the Securities, investors who have already agreed to purchase Securities before the supplement is published shall have the right to withdraw their acceptances by informing the relevant Distributor in writing within 2 working days (or such other longer period as may mandatorily apply in the relevant country) of publication of the supplement. The terms and conditions of the Securities and the terms on which they are offered and issued will be subject to the provisions of any such supplement.

47243608/Ashurst(CWONG/PWILLI)/OM

- 66 -

ÖSSZEFOGLALÓ Az összefoglalók az „Elemek” néven ismert közzétételi kötelezettségekből épülnek fel. Az egyes Elemeket az A-E szakaszok tartalmazzák (A.1 – E.7). A jelen Összefoglaló tartalmazza az összes Elemet, amelyet az összefoglalókban erre az Értékpapír típusra és a Kibocsátóra vonatkozóan szerepeltetni kell. Mivel egyes Elemekre az Összefoglalónak nem kell kitérnie, az Elemek pontjainak számozási sorrendjéből egyes pontok hiányozhatnak. Adódhatnak olyan Elemek, amelyeket az adott Értékpapír típusra és a Kibocsátóra vonatkozóan az összefoglaló tájékoztatóban szerepeltetni kell, azonban nem áll rendelkezésre ezekre vonatkozó releváns információ. Ilyen esetekben az Összefoglaló az adott Elemre vonatkozó rövid leírást ad, és a „Nem alkalmazandó” megjegyzést tartalmazza. „A” szakasz – Bemutatás és figyelmeztetések A.1

Bemutatás és figyelmeztetések:

A jelen Összefoglaló a Tájékoztató bevezetőjének tekintendő. A befektetőknek az Értékpapírokba történő befektetésre vonatkozó döntésüket minden esetben a Tájékoztató egészét mérlegelve kell meghozniuk. Abban az esetben, ha a Tájékoztatóban szereplő információkra vonatkozóan bírósági keresetet terjesztenek be, a felperes befektetőnek a jogi eljárás megindítása előtt az adott Tagállam vonatkozó nemzeti jogszabályai alapján esetleg viselnie kell a Tájékoztató lefordításának költségét. Polgári jogi felelősség csak azon személyek vonatkozásában merül fel, akik az Összefoglalót – ideértve annak fordításait is – felhasználták, és csak abban az esetben, ha az Összefoglaló félrevezető, pontatlan vagy a Tájékoztató más részeinek ellentmondó, vagy a Tájékoztató más részeivel együtt olvasva nem adja meg azokat a kulcsfontosságú információkat, amelyek a befektetőket segítik az arra vonatkozó döntés meghozatalában, hogy befektessenek-e az Értékpapírba.

A.2

Hozzájárulás(ok):

Amennyiben az Értékpapírokra vonatkozóan olyan nyilvános ajánlatra kerül sor, amelyhez a tájékoztatónak a Prospektus Direktíva szerinti előzetes nyilvánosságra hozatala szükséges („Nem-mentesülő Ajánlat”), a Kibocsátó hozzájárul a Tájékoztatónak a pénzügyi közvetítő(k) („Engedélyezett Értékesítő(k)”) általi felhasználásához az ajánlati időszak alatt az alábbi feltételekkel: (a) Az Engedélyezett Értékesítő(k) neve és címe:

Citibank Europe plc, Magyarországi Fióktelepe H-1051 Budapest, Szabadság tér 7. (a „Forgalmazó(k)”)

(b) Ajánlati időszak, amely alatt az Engedélyezett Értékesítő(k) az Tájékoztatót felhasználhatja (felhasználhatják):

Az Értékpapírokra vonatkozóan ajánlat kerül kiadásra Magyarországon a 2016. március 16-val kezdődő – e napot is magában foglaló – és 2016. március 31-én végződő – e napot is magában foglaló – időszak alatt.

(c) A Tájékoztató Engedélyezett Értékesítő(k) általi felhasználásának feltételei:

Az Engedélyezett Értékesítő(k) a Tájékoztatót csak olyan ország(ok)ban történő Értékpapír-ajánlathoz használhatja (használhatják) fel, amely(ek)ben a Nemmentesülő Ajánlatra sor kerül.

Amennyiben Ön egy Engedélyezett Értékesítőtől kíván Értékpapírokat vásárolni, az ajánlatra és az értékesítésre minden esetben az Ön és az Engedélyezett Értékesítő közt érvényben lévő feltételek és egyéb megállapodások szerint kerül sor, melyek kiterjednek az árra és az elszámolási feltételekre is. Az ilyen megállapodásokban a Kibocsátó nem szerződő fél, és ennek megfelelően erre vonatkozó információt a jelen Tájékoztató sem tartalmaz. Az ilyen ajánlatra vonatkozó feltételeket Ön az Engedélyezett Értékesítőtől kell, hogy megkapja az ajánlattétel időpontjában. Sem a Kibocsátó, sem bármely kereskedő nem tartozik semmilyen kötelezettséggel vagy felelősséggel az ilyen információkra vonatkozóan.

142042v2

1

„B” szakasz – A Kibocsátó B.1

A Kibocsátó jogi és kereskedelmi neve:

Credit Suisse International („CSi") (a „Kibocsátó”).

B.2

A Kibocsátó székhelye és társasági formája, a jog amely szerint a Kibocsátó működik és a Kibocsátó bejegyzésének országa:

A CSi Angliában és Walesben 1990. május 9-én bejegyzett nem korlátolt felelősségű társaság. A CSi angol bank, amelyre az Európai Unió hitelintézeteire vonatkozó előírások vonatkoznak, és amely az angol jog szerint működik. Bejegyzett székhelyének címe: One Cabot Square, London E14 4QJ.

B.4b

A Kibocsátóra és működési ágazatára vonatkozó ismert tendenciák:

Nem alkalmazandó – nincs olyan ismert trend, bizonytalansági tényező, igény, vállalás vagy esemény, amely várhatóan jelentős hatást gyakorolhat a Kibocsátó kilátásaira az aktuális pénzügyi évben.

B.5

A csoport és a Kibocsátó csoporton belüli pozíciójának bemutatása:

A CSi részvényesei a Credit Suisse AG (amely a Csi törzsrészvényeit a Credit Suisse AG (zürichi székház (“Zürich Stammhaus”)) és a Credit Suisse AG Guernsey-i fióktelepen keresztül tulajdonolja), a Credit Suisse Group AG és a Credit Suisse PSL GmbH. A CSi számos leányvállalattal rendelkezik. Az alábbi ábra mutatja be a csoportszerkezetet:

B.9

Nyereség-előrejelzés vagy becslés:

Nem alkalmazandó. A Kibocsátó nem készített nyereség-előrejelzést vagy becslést.

B.10

Múltbeli pénzügyi adatokra vonatkozó könyvvizsgálói korlátozások:

Nem alkalmazandó. A múltbeli pénzügyi információkra vonatkozó könyvvizsgálói jelentések nem tartalmaztak korlátozásokat.

B.12

Választott kulcsfontosságú pénzügyi adatok; jelentős negatív irányú változás hiánya és a Kibocsátó pénzügyi helyzetében bekövetkezett jelentős változások bemutatása:

CSi* Adatok millió USD-ben

142042v2

December 31-én záruló év 2014 2013

Egyes konszolidált eredménykimutatás adatok Nettó bevétel

1 144

1 654

Működési költségek összesen

(1 551)

(1 713)

Adózás előtti veszteség

(407)

(59)

2

Nettó veszteség

(995)

(539)

Eszközök összesen

548 137

515 733

Összes forrás

524 108

490 705

Saját tőke összesen

24 029

25 028

Adatok millió USD-ben

Június 30-án záruló hat hónap (nem auditált) 2015 2014

Egyes konszolidált mérlegadatok

Egyes konszolidált eredménykimutatás adatok Nettó bevétel

1 214

882

Működési költségek összesen

(1 041)

(781)

Adózás előtti nyereség

173

101

Nettó nyereség/(veszteség)

100

(371)

Egyes konszolidált mérlegadatok

Június 30- December án záruló 31-én hat hónap záruló év (nem auditált) 2015 2014

Eszközök összesen

452 959

548 137

Források összesen

428 828

524 108

Saját tőke összesen

24 131

24 029

*Az itt szereplő kulcsfontosságú pénzügyi adatok a CSi-re és leányvállalataira vonatkoznak 2014. december 31. óta a Kibocsátó és a konszolidált leányvállalatai kilátásaiban jelentős negatív változás nem következett be. Nem alkalmazandó; A Kibocsátó és a konszolidált leányvállalatai pénzügyi helyzetében nem következett be jelentős változás 2015. június 30. óta. B.13

A Kibocsátót érintő, a Kibocsátó fizetőképességének megítélése szempontjából jelentős releváns közelmúltbeli események:

Nem alkalmazandó. Nem következtek be a Kibocsátót érintő, a Kibocsátó fizetőképességének megítélése szempontjából jelentős releváns közelmúltbeli események.

B.14

A Kibocsátó pozíciója a vállalatcsoporton belül, és a vállalatcsoport más tagjaitól való függése:

Lásd a B.5. pontot. A CSi likviditását és tőkeszükségleteit szélesebb körben, a CS csoport szerves részeként kezelik. E körbe tartozik a helyi szabályozások szerinti likviditás és az Egyesült Királyságban érvényes tőkeszükségletek.

B.15

A Kibocsátó fő tevékenységei:

A CSi banki tevékenységet végez főtevékenységeként, amely kiterjed a kamatlábhoz, devizához, részvényekhez, árukhoz és hitelekhez kapcsolt derivatív termékekkel való kereskedésre is. A CSi elsődleges célkitűzése teljes körű treasury és kockázatkezelési derivatív termék szolgáltatások nyújtása.

B.16

A Kibocsátó tulajdonosai és

A CSi részvényesei a Credit Suisse AG (amely a Csi törzsrészvényeit a Credit Suisse AG (zürichi székház (“Zürich Stammhaus”)) és a Credit Suisse AG Guernsey-i fióktelepen

142042v2

3

ellenőrzése:

keresztül tulajdonolja), a Credit Suisse Group AG és a Credit Suisse PSL GmbH. A CSi számos leányvállalattal rendelkezik. „C” szakasz – Értékpapírok

C.1

Kínált értékpapírok típusa és osztálya és értékpapír azonosító száma(i):

Az értékpapírok („Értékpapírok”) kötvények. Az Értékpapírok Visszaváltható („Return”) Értékpapírok. Az Értékpapírok kuponösszegeket fizetnek a mögöttes eszköz(ök) teljesítményétől függően.

C.2

Pénznem:

Az Értékpapírok pénzneme magyar forint (“HUF”) (a továbbiakban az “Elszámolási Pénznem”).

C.5

Az Értékpapírok szabad átruházhatóságára vonatkozó korlátozások bemutatása:

Az Értékpapírok nem kerültek az USA 1933. évi Értékpapír törvénye (az „Értékpapír Törvény”) szerint bejegyzésre, amelyre a jövőben sem fog sor kerülni, és az Értékpapírok nem ajánlhatók vagy értékesíthetők sem az Egyesült Államok területén, sem USA-beli személyeknek, illetve ilyen személyek számlájára vagy javára kivéve egyes, az Értékpapír Törvény szerinti regisztrációs kötelezettség és a vonatkozó állami értékpapír jogszabályok alól mentes ügyletek keretében.

Az egy Sorozathoz tartozó Értékpapírokat a következő egyéni kódok alapján azonosítjuk: ISIN: XS1355063543; Általános Kód („Common Code”): 135506354; Svájci Biztosítási Azonosító („Swiss Security Number”): 24037346.

Az Értékpapírok bármely országban vagy országból kizárólag úgy ajánlhatók, értékesíthetők vagy adhatók át, illetve az Értékpapírokra vonatkozó ajánlati anyagok kizárólag úgy terjeszthetők, hogy az minden körülmények közt megfeleljen a vonatkozó törvényeknek és jogszabályoknak. A fentiek figyelembe vételével az Értékpapírok szabadon átruházhatók. C.8

Az értékpapírokhoz kapcsolódó jogok, az értékpapírok rangsorolásának illetve a jogok korlátozásainak bemutatása:

Jogok: Az Értékpapírok minden Értékpapír tulajdonos (az „Értékpapír Tulajdonos”) számára biztosítják az Értékpapírok utáni esetleges hozamra vonatkozó jogot (lásd a C.18. számú Elemet). Emellett az Értékpapírok biztosítják az Értékpapír Tulajdonosoknak az egyes módosításokról való szavazás jogát. Rangsorolás: Az Értékpapírok a Kibocsátó nem alárendelt és nem biztosított kötelezettségét képezik, és azok egymás közt illetve a Kibocsátó minden egyéb időről időre fennálló nem alárendelt és nem biztosított kötelezettségével egyenrangúnak minősülnek. Jogok korlátozásai: •

•

142042v2

A Kibocsátó az Értékpapírokat lejárat előtt visszaválthatja törvényszegési okokból vagy szerződésszegés esetén. Ilyen esetben az minden egyes Értékpapírok után a lejárat előtti visszaváltáskor fizetendő összeg a Terven Kívüli Visszavásárlási Összegnek felel meg, valamint az egyes Értékpapírok kapcsán nem fizetendő semmilyen egyéb összeg kamat vagy más jogcímen. Bizonyos, a Kibocsátó fedezeti ügyleteit és/vagy a mögöttes eszköz(öke)t érintő események bekövetkezte után a Kibocsátó a tervezett lejáratkor visszaválthatja az Értékpapírokat úgy, hogy a Terven Kívüli Visszavásárlási Összeget fizeti ki a Visszaváltási Összeg helyett és a Kibocsátó ilyen döntése esetén az Értékpapírok kapcsán nem fizetendő semmilyen egyéb összeg kamat vagy más jogcímen. Ahol: • Terven Kívüli Visszavásárlási Összeg: minden egyes Értékpapír kapcsán (a) amennyiben az Értékpapírt lejárat előtt törvényszegési okokból vagy szerződésszegési eseményt követően visszaváltják, egy olyan (nullánál nagyobb vagy egyenlő) összeg, amely az Értékpapír számítási ügynök által belső modellek és módszerek alapján meghatározott értékének felel meg közvetlenül a visszaváltása előtt, vagy (b) amennyiben az Értékpapírt a Kibocsátó fedezeti ügyleteit és/vagy a mögöttes eszköz(öke)t érintő események bekövetkezte után visszaváltják, egy összeg, amely a következők összegének felel meg: (i) a Minimális Kifizetés Összeg, továbbá (ii) az Értékpapír opciós elemének értéke a Terven Kívüli Visszavásárlási Esemény Időpontjában, továbbá (iii) az opciós elem értéke után a Terven Kívüli Visszavásárlási Esemény Időpontjától kezdve – ezt a napot is beszámítva – az Értékpapír visszaváltásának napjáig – ezt a napot nem számítva – esetlegesen felhalmozódó kamatok. Az opciós elem a mögöttes eszköz(ök)nek (ha van ilyen) való kitettséget eredményez, az ezekre vonatkozó feltételeket a kötési napon rögzítik annak érdekében, hogy a Kibocsátó megfelelő áron és megfelelő feltételekkel tudja kibocsátani az adott Értékpapírokat, továbbá azok az Értékpapírra vonatkozó feltételek függvényében változhatnak. A félreértések elkerülése végett, ha egy Értékpapír visszaváltására szerződésszegési esemény miatt kerül sor, akkor Terven Kívüli Visszavásárlási Összeg nem veszi figyelembe a Kibocsátó pénzügyi pozícióját közvetlenül a szerződésszegési esemény előtt, továbbá az a feltevés lép érvénybe, hogy a

4

•

• •

•

•

•

•

Kibocsátó teljes mértékben teljesíteni tudja az Értékpapírokra vonatkozó feltételek szerint az adott cél kapcsán fennálló kötelezettségeit. Terven Kívüli Visszavásárlási Esemény Időpontja: az a nap, amelyen olyan esemény történik, amely az Értékpapírok terven kívüli, a Kibocsátó fedezeti ügyleteit és/vagy a mögöttes eszköz(öke)t érintő események bekövetkezte utáni visszaváltásához vezet. Minimális Kifizetési Összeg: a Névérték 89 százalékának megfelelő összeg

A Kibocsátó az Értékpapírokra vonatkozó feltételeket az Értékpapír Tulajdonosok beleegyezése nélkül módosíthatja olyan eseményeket követően, amelyek a Kibocsátó fedezeti ügyleteire illetve a mögöttes eszköz(ök)re hatással vannak, vagy visszaválthatja az Értékpapírokat a tervezett lejáratkor úgy, hogy a Terven Kívüli Visszavásárlási Összeget fizeti ki a fenti Visszaváltási Összeg helyett (mely esetben a Kibocsátó ilyen irányú döntését követően az Értékpapírok kapcsán nem fizetendő semmilyen egyéb összeg kamat vagy más jogcímen). Az Értékpapírok feltételei tartalmaznak Értékpapír Tulajdonosi gyűlések összehívására vonatkozó rendelkezéseket az Értékpapír Tulajdonosok érdekeit érintő bármely kérdés megvitatása céljából, és az ilyen gyűléseken az alkalmazandó többséggel meghozott határozatok minden Értékpapír Tulajdonosra nézve kötelező érvényűek függetlenül attól, hogy az Értékpapír Tulajdonos a gyűlésen részt vett-e vagy sem, és hogy a határozat ellen vagy mellette szavazott. Bizonyos esetekben a Kibocsátó az Értékpapírok feltételeit az Értékpapír Tulajdonosok beleegyezése nélkül módosíthatja. Az Értékpapírokra a következő szerződésszegési események vonatkoznak: ha a Kibocsátó bármely az Értékpapírok kapcsán fizetendő összeget azok esedékességétől számított 30 napon belül nem fizet ki, vagy ha bármely a Kibocsátó fizetésképtelenségéhez vagy felszámolásához kapcsolódó esemény következik be. A Kibocsátó bármikor az Értékpapír Tulajdonosok hozzájárulása nélkül magát, mint Kibocsátót az Értékpapírok vonatkozásában helyettesítheti bármely olyan társasággal, amellyel egyesül, amelybe beolvad, vagy amelynek eladja vagy átruházza teljes vagy lényegileg teljes vagyonát. Irányadó jog: Az Értékpapírokra az angol törvények és jogszabályok vonatkoznak.

C.11

Kereskedés engedélyezése

Kérelem került benyújtásra az Értékpapírokkal a Luxemburgi Értéktőzsde Szabályozott Piacán történő kereskedés engedélyezése érdekében.

C.15

A mögöttes eszköz(ök) hatása a befektetés értékére

Az Értékpapírok értéke, és az, hogy a Kuponfizetési Napon Kuponösszeg fizetendő-e a mögöttes eszköz(ök)nek az adott Kuponfizetési Napnak megfelelő Kupon-megfigyelési Napon érvényes teljesítményétől függ. Az Értékpapírok Értéke és a Lejárati Napon visszaváltott Értékpapírokra vonatkozóan fizetendő Visszaváltási Összeg a mögöttes eszköz(ök)nek a Végső Rögzítési Napon érvényes teljesítményétől függ. Lásd az alábbi C.18. számú Elemet annak részleteiért, hogy az Értékpapírok értékét miként befolyásolja a mögöttes eszköz(ök) értéke.

C.16

Tervezett Lejárati Nap vagy Elszámolási Nap

Az Értékpapírok tervezett Lejárati Napja a Végső Rögzítési Napot 5 devizaügyleti banki nappal követő nap, vagy ha ez a nap a különböző Mögöttes Eszközöknél eltérő, akkor ezek közül a legkésőbb nap (amely várhatóan 2020. április 7.).

C.17

Elszámolási eljárás

Az Értékpapírokat a Kibocsátó a kibocsátási ár megfizetése ellenében adja át. Az alkalmazott elszámolási eljárás az Értékpapírokra vonatkozó klíring rendszertől, valamint a befektető országában alkalmazott helyi gyakorlattól függ. Az Értékpapírok elszámolására az Euroclear Bank S.A./N.V. és a Clearstream Banking, société anonyme társaságon keresztül kerül sor.

C.18

Derivatív Értékpapírok hozama

Az Értékpapírok hozama a következőkből épül fel: • az (esetlegesen) fizetendő Kuponösszeg(ek)ből; és • ha az Értékpapírok nem kerültek korábban visszaváltásra vagy megvásárlásra és törlésre, a Visszaváltási Összegnek az Értékpapírok ütemezett Lejárati Napján történő kifizetéséből. KUPONÖSSZEG(EK) Ha Kuponfizetési Eseményre került sor egy Kupon-megfigyelési Nap kapcsán, a szóban forgó Kupon-megfigyelési Naphoz tartozó adott Kuponfizetési Napon fizetendő Kuponösszeg (a) a Névérték, (b) a Kupon-vételi teljesítmény és (c) a Részesedés szorzatának megfelelő összeg, figyelembe véve a Kupon Küszöbértéknek megfelelő minimumot és a Kupon Plafonértéknek megfelelő maximumot. Ha egy Kupon-megfigyelési Nap tekintetében nem került sor Kuponfizetési Eseményre, akkor

142042v2

5

a Kupon-megfigyelési Naphoz tartozó Kuponfizetési Napon fizetendő Kuponösszeg mértéke nulla. Az esetlegesen fizetendő Kuponösszeg(ek) az Elszámolási Pénznem legközelebbi átutalható egységére kerekítendő(k). Ahol: • Kosár Teljesítmény: az egyes mögöttes eszközök súlyozott teljesítményének összege, amely a következők szorzata (a) az adott mögöttes eszköz Súlya és (b) az adott mögöttes eszköz Szintje az Értékelés Időpontjában az adott Kupon-megfigyelési Napon osztva a mögöttes eszköz Jegyzési Árfolyamával. • Kupon Vételi Teljesítmény: az egyes mögöttes eszközök súlyozott teljesítményének összege, amely a következők szorzata (a) az adott mögöttes eszköz Súlya, és (b)(i) az adott mögöttes eszköz Kupon Rögzítési Ára az adott Kupon-megfigyelési Napon mínusz a következők szorzata: (A) 100 százalék és (B) a Kupon Jegyzési Árfolyam osztva (ii) a mögöttes eszköz Jegyzési Árfolyamával. • Kupon Plafonérték: indikatív jelleggel a Névérték 8,50 százalékának megfelelő összeg, figyelembe véve a Névérték minimum 7,30 százalékát és a Névérték maximum 9,30 százalékát. • Kupon Rögzítési Ár: egy adott mögöttes eszköz tekintetében annak Értékelési Időpontban érvényes Szintje az adott Kupon-megfigyelési Napon. • Kupon Küszöbérték: a Névérték 4 százalékának megfelelő összeg. • Kupon-megfigyelési Nap(ok): egy mögöttes eszköz tekintetében a következő napok mindegyike: 2017. március 31., 2018. március 31., 2019. március 31. és 2020. március 31, amely dátumok módosulhatnak. • Kuponfizetési Nap(ok): egy Kupon-megfigyelési Nap tekintetében az adott Kuponmegfigyelési Napot 5 devizaügyleti banki nappal követő nap (vagy ha ez a nap a különböző mögöttes eszközök kapcsán eltérő napra esik, e napok közül a legkésőbbi). • Kuponfizetési Esemény: ha az adott Kupon-megfigyelési Napon a Kosár Teljesítmény magasabb az adott Kupon-megfigyelési Napra vonatkozó Kupon Küszöbnél. • Kupon Küszöb: egy Kupon Megfigyelési Nap tekintetében 100 százalék. • Kiinduló Ármeghatározási Nap: egy mögöttes eszköz tekintetében 2016. március 31., amely dátum módosulhat. •

Szint: egy mögöttes eszköz és bármely nap vonatkozásában a mögöttes eszköz azon ára, melyet az adott tőzsdén jegyeznek.

•

Névérték: 500.000 HUF.

•

Részesedés: egy adott Kupon-megfigyelési Nap tekintetében 100 százalék.

•

Jegyzési Árfolyam: egy mögöttes eszköz vonatkozásában az adott mögöttes eszköznek a Kiinduló Ármeghatározási Napon érvényes Szintje az Értékelés Időpontjában.

•

Értékelési Időpont: egy mögöttes eszköz vonatkozásában, ütemezett tőzsdei zárási időpont

•

Súly: egy mögöttes eszköz vonatkozásában, 1/3. VISSZAVÁLTÁSI ÖSSZEG

Ha az Értékpapírok előzőleg nem kerültek visszaváltásra vagy megvásárlásra és törlésre, a Kibocsátó az Értékpapírokat köteles a Lejárati Napon visszaváltani. A Kibocsátó az Értékpapírokat a Lejárati Napon a visszaváltási összegen („Visszaváltási Összeg”) váltja vissza az Elszámolási Pénznem legközelebbi átruházható egységére kerekítve, amely a következők összege (a) (i) a Visszaváltási Opciós Százalékarány és (ii) a Névérték szorzata, valamint (b) (i) a Névérték, (ii) a Részesedési Százalékarány és (iii) a Teljesítmény szorzata. Ahol: • Kosár Teljesítmény: az egyes mögöttes eszközök súlyozott teljesítményének összege, amely a következők szorzata: (a) az adott mögöttes eszköz Súlya és (b) az adott mögöttes eszköz Visszaváltási Végső Ára osztva a mögöttes eszköz Jegyzési Árfolyamával. • Végső Rögzítési Nap: egy mögöttes eszköz tekintetében 2020. március 31., figyelembe 142042v2

6

• •

• • • •

véve a vonatkozó módosításokat. Részesedési Százalékarány: mínusz 100 százalék. Teljesítmény: a következők közül a magasabb összeg (a) 0 százalék, és (b) a különbség (i) a Jegyzés mínusz (ii) a Kosár Teljesítmény között, de amely összeg nem lehet magasabb mint a Teljesítmény Plafon. Teljesítmény Plafon: 11 százalék. Visszaváltási Végső Ár: egy mögöttes eszköz tekintetében, az adott mögöttes eszköz Szintje az Értékelés Időpontjában a Végső Rögzítési Napon. Visszaváltási Végső Százalékarány: 100 százalék. Jegyzés: 100 százalék. (decimális értékben kifejezve).

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A mögöttes eszköz végső referencia ára:

Egy mögöttes eszköz Visszaváltási Végső Árának meghatározása a Végső Rögzítési Napon történik.

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Mögöttes eszköz típusa:

A mögöttes eszközök részvények kosara, amely a Vodafone Group PLC, a The Procter and Gamble Company és az Allianz SE törzsrészvényeiből áll. Az egyes mögöttes eszközökre vonatkozó információ a www.bloomberg.com oldalon található. „D” szakasz – Kockázatok

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A Kibocsátóra jellemző fő kockázatok

Az Értékpapírok a Kibocsátó általános, fedezetlen kötelezettségei. Az Értékpapírokba befektető személyek ki vannak téve annak a kockázatnak, hogy a Kibocsátó fizetésképtelenné válhat, és az Értékpapírok alapján teljesítendő fizetési kötelezettségeinek nem tud eleget tenni. A Kibocsátó nyereségességét egyebek közt befolyásolják a globális gazdasági feltételek változásai, az infláció, a kamatlábak és deviza-árfolyamok változásai, a tőkekockázat, a likviditási kockázat, a piaci kockázat, a hitelkockázat, a becslésekből és értékelésekből eredő kockázat, a mérlegben nem szereplő vállalati egységekhez kapcsolódó kockázat, a határokon túlnyúló ügyletekből eredő és devizakockázat, a működési kockázatok, a jogi és szabályozási kockázatok és a versenykockázatok. A Kibocsátó számos kockázatnak van kitéve, amelyek működését és/vagy pénzügyi helyzetét negatívan befolyásolhatják: • Piaci kockázat: A Kibocsátó ki van téve a kamatlábak, devizaárfolyamok, részvény- és áru-árfolyamok és egyéb releváns paraméterek negatív változásaiból – például a piacok volatilitásából – eredő veszteség kockázatának. Következésképp a Kibocsátó ki van téve annak a kockázatnak, hogy a piaci mozgásokra reagálva esetleg megváltozik a pénzügyi eszközök értéke. • Likviditási kockázat: A Kibocsátó ki van téve annak a kockázatnak, hogy akár szokásos, akár feszült üzleti körülmények esetén eszközeit nem tudja finanszírozni, és kötelezettségeinek nem tud azok esedékességekor eleget tenni. • Devizakockázat: A Kibocsátó ki van téve az érvényes devizaárfolyamok ingadozásai által a Kibocsátó pénzügyi pozíciójára és cash flowjára gyakorolt hatásoknak. • Hitelkockázat: A Kibocsátó ki van téve: (a) „partnerkockázatnak” amely esetén a Kibocsátó veszteséget szenvedhet el annak következtében, hogy valamely kölcsönvevője vagy ügyfele nem képes pénzügyi kötelezettségeinek eleget tenni, vagy annak következtében, hogy a kölcsönvevő vagy ügyfél hitelminősége romlik, (b) „rossz irányú” vagy „korrelációs” kockázatnak, amely esetén a Kibocsátó üzletfél felé fennálló kitettsége növekszik egy tranzakció során miközben az üzletfél pénzügyi helyzete és fizetőképessége csökken, (c) „elszámolási kockázatnak” amely esetén egy tranzakció elszámolása időbeli eltérést eredményez a pénz vagy értékpapírok kiadása, és az ellenérték üzletféltől való átvétele között. • Ország-kockázat: A Kibocsátó ki van téve egy adott ország vagy országok egy adott csoportja pénzügyi eszközeinek jelentős, rendszerszintű értékvesztése kockázatának, amelyet a hitel-, részvény- és/vagy devizapiacok elmozdulásai okozhatnak. • Jogi és szabályozói kockázat: A Kibocsátó tevékenységei során jelentős jogi kockázatot vállal, beleértve többek között (a) jogvitákat olyan kereskedelmi ügyletek vagy olyan egyéb tranzakciók kapcsán amelyekben a Credit Suisse csoport megbízóként jár el, (b) olyan tranzakciókra vonatkozó dokumentumok kikényszeríthetetlenségét vagy pontatlanságát, melyekben a Credit Suisse csoport is részt vesz, (c) befektetési alkalmassági aggályokat, (d) azon országok jogszabályainak való megfelelést, amely országokban a Credit Suisse csoport tevékenységet folytat, (e) jogvitákat a munkavállalóival. A Kibocsátó egyre kiterjedtebb és összetettebb szabályozásoknak is ki van téve, melyek korlátozhatják a tevékenységét vagy megnövelhetik a szabálykövetésének költségeit (ideértve a szabályozó hatóságok által kirótt bírságokat és büntetéseket is). A Kibocsátó (illetve a pénzügyi szolgáltatási ágazat) továbbra is jelentős bizonytalanságnak van kitéve a szabályozási reform terjedelme és tartalma tekintetében. • Működési kockázat: A Kibocsátó ki van téve a nem megfelelő vagy nem működő belső

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Az Értékpapírokra jellemző fő kockázatok és kockázati figyelmeztetés arra vonatkozóan, hogy a befektetők befektetésük teljes értékét vagy annak egy részét elveszíthetik:

folyamatokból, emberekből vagy rendszerekből, vagy külső eseményekből eredő veszteség kockázatának. A Kibocsátó olyan működési kockázatoknak is ki van téve, amelyek az ügyletek végrehajtásában és elszámolásában felmerülő hibákból, illetve az ügyletek nem megfelelő nyilvántartásából és könyveléséből erednek. Magatartási kockázat: A Kibocsátó ki van téve a vállalatok/magánszemélyek nem megfelelő magatartásának illetve eljárásának, amely következtében pénzügyi vagy nem pénzügyi hátrányok érik az ügyfeleket, partnereket, károsul a pénzügyi piacok egysége, nem érvényesül hatékony verseny azokon a piacokon, ahol a Kibocsátó működik, vagy nem érvényesülnek a megfelelő jogszabályok és szabályozások. Reputációs kockázat: A Kibocsátó reputációs kockázatnak van kitéve, amely számos okból merülhet fel, például a tervezett tranzakció jellegéből vagy céljából, a potenciális ügyfél személyéből vagy jellegéből, az ügylet végrehajtási helyének szabályozói vagy politikai légköréből vagy magát az ügyletet körülvevő jelentős közérdeklődésből adódóan. Hatósági intézkedés abban az esetben, ha a Kibocsátó csődbe megy, illetve ez valószínűsíthető az Egyesült Királyság döntéshozó hatósága szerint: Az Egyesült Királyságnak az EU bankok helyreállításáról és szanálásáról szóló irányelvét végrehajtó banki törvénye egy „szanálási rendszerről“ rendelkezik, amely jelentős hatáskört biztosít az Egyesült Királyság döntéshozó hatóságának arra, hogy szanálási intézkedéseket hajtson végre (melyek közé tartozhat egyebek mellett az adott intézmény értékesítésének irányítása vagy az ilyen intézmény vállalkozásának átadása egy „áthidaló banknak“) olyan Egyesült Királyságban működő pénzügyi intézmény (mint például a Kibocsátó) esetén, amelynél az Egyesült Királyság döntéshozó hatósága megállapítja, illetve valószínűsíti a csődöt és közérdekből szükségesnek véli az intézkedést. Amennyiben a Kibocsátó ellen „szanálási rendszert“ léptetnek életbe, az Ékpapírokkal kapcsolatos befektetését részben vagy akár teljes egészében is elveszítheti. Ezenfelül az Egyesült Királyság döntéshozó hatóságának joga van a Kibocsátó által kibocsátott Értékpapírok tekintetében a „hitelezői feltőkésítés“ eszközt alkalmazni a Kibocsátó kötelezettségeinek leírása, illetve egy kötelezettség-osztály másik osztályba történő átalakítása érdekében, és ez az Értékpapírok tulajdoni részesedésének leírását és/vagy átalakítását eredményezné.

Az Értékpapírokra az alábbi fő kockázatok vonatkoznak: • Az Értékpapírok piaci értéke, illetve a lejáratkor fizetendő vagy átadásra kerülő összeg a mögöttes eszköz(ök) teljesítményétől függ. Egy mögöttes eszköz teljesítményét befolyásolhatják időközben bekövetkező, hirtelen és előre nem látható változások („volatilitás“), melyeket okozhatnak nemzeti és nemzetközi, pénzügyi, politikai, hadügyi és gazdasági események, valamint az adott piac szereplőinek tevékenységei. Ez ilyen események és tevékenységek egyaránt hátrányosan érinthetik az Értékpapírok értékét és hozamát. • Amennyiben a Végső Rögzítési Napon a Kosár Teljesítmény alacsonyabb mint 100 százalék, egy befektető befektetését részben elveszítheti. • Amennyiben az Értékpapírok feltételei szerint bármely fizetendő összegre plafonérték kerül meghatározásra, a befektetőnek azon képessége, hogy a mögöttes eszköz(ök)nek az Értékpapír élettartama során bekövetkező értékváltozásaiból részesülhessen korlátozott lesz függetlenül a mögöttes eszköz(ök)nek az adott plafonértéket meghaladó pozitív teljesítményétől. Ennek megfelelően az Értékpapírok hozama jelentősen alulmaradhat ahhoz a hozamhoz képest, amelyet a befektető akkor ért volna el, ha a mögöttes eszköz(öke)t közvetlenül vásárolja meg. • Lehetséges, hogy az Értékpapíroknak nem alakul ki másodlagos piaca, vagy – ha kialakul – lehetséges, hogy nem biztosít a befektetők számára likviditást, és nem marad fenn az Értékpapírok teljes élettartama alatt. Az Értékpapírok piaci értékére negatív hatással lehet a likviditás hiánya. Egy értékpapír piaci ára alacsonyabb lehet annak kibocsátási vagy ajánlati áránál, és jutalék- vagy kereskedői kedvezmény is tükröződhet benne, ami tovább csökkentheti az Értékpapírok után kapott hasznot. • Az Értékpapírok piaci árára számos olyan tényező lehet hatással, melyeket a Kibocsátó nem tud befolyásolni (nem kizárólagos jelleggel ideértve a Kibocsátó hitelképességét, a piacon érvényes kamatlábakat és hozamokat, a(z esetleges) mögöttes eszköz(ök) volatilitását stb.). E tényezők némelyike vagy akár mind befolyásolja az Értékpapírok értékét a piacon. • Az Értékpapírok kibocsátási vagy ajánlati ára meghaladhatja azoknak a kibocsátáskori piaci értékét, illetve azt az árat, amelyen az Értékpapírok másodlagos piaci tranzakciókban értékesíthetők. Az Értékpapírok kibocsátási vagy ajánlati árában – amennyiben ezt a jogszabályok lehetővé teszik – figyelembe vehetők a kibocsátásukhoz, forgalmazásukhoz és értékesítésükhöz kapcsolódó díjak, jutalékok és egyéb összegek, illetve a bevezető szolgáltatások nyújtása, a Kibocsátónak az Értékpapírok létrehozásához, dokumentálásához és értékesítéséhez kapcsolódó költségei és az

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Értékpapírokból eredő kötelezettségeinek fedezéséhez kapcsolódó összegek. Az Értékpapírok adózásának mértéke és alapja, illetve azok adózás alóli mentesülése a befektető egyéni körülményeinek függvénye, és bármikor változhat. Az Értékpapírok adózási és szabályozási besorolása az Értékpapírok élettartama alatt változhat, ami a befektetők számára negatív következményekkel járhat. A Kibocsátó nem állapítja meg a Kupon Plafonértéket a Kiinduló Ármeghatározási Napig annak érdekében, hogy számításba tudja venni az ajánlati időszak lezárásakor fennálló piaci feltételeket és megfelelő áron, illetve feltételekkel bocsáthassa ki az Értékpapírokat. Fennáll annak veszélye, hogy a Kibocsátó által meghatározott végső összeg(ek) el fognak térni a Specifikus Feltételekben megadott, indikatív összeg(ek)től, azonban a végső összegek nem lehetnek alacsonyabbak a Specifikus Feltételekben megszabott minimális összeg(ek)nél, vagy a körülményektől függően magasabbak a Specifikus Feltételekben megszabott maximális összeg(ek)nél. Mindazonáltal a befektetőknek a befektetésre vonatkozó döntésüket az indikatív összeg(ek)re kell alapozniuk (illetve a megadott minimális és maximális összeg(ek)re), és nincs joguk arra, hogy vételi kötelezettségüket visszamondják azután, hogy a Kibocsátó meghatározta a végső összeg(ek)et. A befektetőknek azt is figyelembe kell vennie, hogy a végleges meghatározás kapcsán nem lesz kiadva kiegészítő információ. Bizonyos körülmények esetén (például, ha a Kibocsátó azt állapítja meg, hogy az Értékpapírokhoz kapcsolódó kötelezettségei jogtalanná vagy törvénytelenné váltak, vagy szerződésszegés bekövetkezése esetén) az Értékpapírok az üzemezett lejáratot megelőzően visszaváltásra kerülhetnek. Ilyen esetekben, a fizetendő Terven Kívüli Visszavásárlási Összeg lehetséges, hogy alacsonyabb, mint az eredeti vételi ár, és akár nulla is lehet. A Kibocsátó ilyen jellegű döntése esetén az Értékpapírok kapcsán nem fizetendő semmilyen egyéb összeg kamat vagy más jogcímen. Bizonyos, a Kibocsátó fedezeti ügyleteit és/vagy a mögöttes eszköz(öke)t érintő események bekövetkezte esetén a Kibocsátó a tervezett lejáratkor visszaválthatja az Értékpapírokat úgy, hogy a Terven Kívüli Visszavásárlási Összeget fizeti ki a Visszaváltási Összeg helyett. Ilyen esetekben a Terven Kívüli Visszavásárlási Összeg legalább a Minimális Kifizetés Összeg, de előfordulhat, hogy alacsonyabb, mint amennyi a szóban forgó esemény bekövetkezése nélkül fizetett visszaváltási vagy elszámolási összeg lett volna. Az Értékpapírok lejárat előtti visszaváltását követően a befektetők lehetséges, hogy nem tudják a visszaváltásból származó bevételüket a visszaváltott értékpapírok kamatlábvagy hozamszintjének megfelelő, hatékony kamatozás mellett újra befektetni, hanem csak lényegesen alacsonyabb hozamszint mellett. Az Értékpapírokba fektető személyeknek az újra-befektetés ezen kockázatát figyelembe kell venniük az adott időpontban elérhető egyéb befektetéseket is mérlegelve. A befektetők az Értékpapírok referenciaként szolgáló mögöttes eszközei vonatkozásában nem rendelkeznek tulajdonjoggal, nem kizárólagos jelleggel ideértve a szavazati jogot, az osztalékra vagy egyéb kifizetésekre vonatkozó jogokat vagy bármely más, a mögöttes eszközökhöz kapcsolódó jogot. A befektetők árfolyamkockázatnak lehetnek kitéve abból adódóan, hogy a mögöttes eszköz(ök) esetleg az Értékpapírok denominációjától eltérő pénznemben denomináltak, vagy az Értékpapírok és/vagy a mögöttes eszköz(ök) a befektető országának pénznemétől eltérő pénznemben denomináltak. Ebből adódóan az Értékpapírok értéke nőhet vagy csökkenhet az érintett devizák árfolyam-ingadozásainak megfelelően. A Kibocsátó a mögöttes eszközök értékelésére vonatkozóan alkalmazhat halasztást vagy bármilyen eltérő rendelkezést az adott mögöttes eszközökre vonatkozó bizonyos zavarokat követően, amelyek negatív hatással lehetnek az Értékpapírok értékére és hozamára. Egy részvény teljesítménye makrogazdasági tényezők függvénye, ami negatív hatással lehet az Értékpapírok értékére. A részvény kibocsátóját az Értékpapír Tulajdonosokkal szemben semmilyen kötelezettség nem terheli, és az Értékpapír Tulajdonosok érdekeire való tekintet nélkül tehet meg bármely intézkedést az adott részvényre vonatkozóan. Az ilyen intézkedések bármelyike negatív hatással lehetnek az Értékpapírok piaci értékére és hozamára. Az Értékpapír Tulajdonosok nem részesülnek az ilyen részvények után fizetett osztalékokból és egyéb kifizetésekből. Ha a kosár összetevői erősen összefüggnek, az összetevők teljesítményének elmozdulása felerősített hatással van az Értékpapírok értékére és hozamára. Még ha a kosárnak egy vagy több összetevője pozitív teljesítményt mutat, a kosár egészének teljesítménye akkor is negatív lehet, ha a kosár egy vagy több összetevőjének teljesítménye jobban negatív irányba fordul. A Kibocsátó az Értékpapír Tulajdonosok hozzájárulása nélkül módosíthatja az Értékpapírokra vonatkozó feltételeket a következő okokból: (a) bármely félreérthető rendelkezés javítása, illetve bármely rendelkezés javítása vagy kiegészítése érdekében, amennyiben a Kibocsátó megítélése szerint ez szükséges vagy ajánlatos, feltéve, hogy

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a módosítás nem hátrányos az Értékpapír Tulajdonosok érdekeire nézve, vagy (b) nyilvánvaló hiba javítása érdekében. • A Kibocsátó az Értékpapírokra vonatkozó feltételeket az Értékpapír Tulajdonosok beleegyezése nélkül módosíthatja olyan eseményeket követően, amelyek a Kibocsátó fedezeti ügyleteire vagy a mögöttes eszköz(ök)re hatással vannak. • Az Értékpapírokra vonatkozó feltételek alapján a Kibocsátó saját belátása szerint megállapított tényezők meghatározása során a Kibocsátó és a számítási ügynök figyelembe veheti a kapcsolódó fedezeti ügyletek hatását. Az így meghatározott tényezők jelentős negatív hatással lehetnek az Értékpapírok értékére és hozamára. • A Kibocsátó az Értékpapír Tulajdonosok hozzájárulása nélkül helyettesíthető bármelyik kapcsolt vállalkozása által vagy olyan egyéb társaság által, amellyel összeolvad, amelybe beolvad, vagy amely részére vagyona egészét vagy lényegileg egészét értékesíti vagy átruházza. • A Kibocsátót számos összeférhetetlenség érinti, többek közt a következők: (a) egyes kalkulációk és meghatározások során a befektetők és a Kibocsátó érdekei eltérhetnek, (b) a Kibocsátó (vagy kapcsolt vállalkozása) szokásos üzleti tevékenysége keretében köthet saját számlájára olyan ügyleteket, és köthet az Értékpapírokra vagy a kapcsolódó derivatív eszközökre vonatkozó olyan fedezeti ügyleteket, amelyek az Értékpapírok piaci árát, likviditását vagy értékét befolyásolhatják, és (c) a Kibocsátó (vagy kapcsolt vállalkozása) rendelkezhet a mögöttes eszköz(ök)re vagy az az(oka)t referenciaként használó bármely derivatív eszközre vonatkozó bizalmas információval, amely a befektető számára lényeges lehet, amelyet azonban a Kibocsátó nem köteles közölni (és amelyek közlésére akár törvényi tilalom is vonatkozhat). A befektetők befektetésüknek egy részét vagy teljes egészét is elveszíthetik, ha az alábbi események közül egy vagy több bekövetkezik: (a) a Kibocsátó az Értékpapírok alapján teljesítendő fizetési kötelezettségit nem teljesíti és azok teljesítésére nem képes, (b) a Kibocsátó fedezeti ügyleteit és/vagy a mögöttes eszköz(öke)t érintő bizonyos eseményeket követően az Értékpapírokra vonatkozó feltételek módosulnak, melynek következtében a fizetendő összeg vagy az átadott részvények csökkennek vagy (c) a befektetők Értékpapírjaikat azok lejárata előtt a másodlagos piacon olyan áron értékesítik, amely a kiinduló vételi árnál alacsonyabb. „E” szakasz – Egyéb E.2b

Az ajánlat oka és a bevétel felhasználása:

Nem alkalmazandó. Az Értékpapírok kibocsátásából származó nettó bevételt a Kibocsátó saját általános társasági céljaira (ezen belül fedezeti ügyletek kötésére) használja fel.

E.3

Ajánlati feltételek:

Az Értékpapírokra vonatkozóan ajánlat kerül kiadásra Magyarországon a 2016. március 16-val kezdődő – e napot is magában foglaló – és 2016. március 31-én végződő – e napot is magában foglaló – időszak („Ajánlati Időszak“) alatt. Az Ajánlati Időszak bármikor lezárható. Az ajánlati ár a teljes Névérték 100 százalékának megfelelő összeg. Az Értékpapír ajánlatra a következő feltételek vonatkoznak: Az Értékpapír ajánlat az Értékpapírok kibocsátásának feltételéhez kötött. A Kibocsátó fenntartja a jogot, hogy a kibocsátás napján vagy azt megelőzően bármikor bármely okból az ajánlatot visszavonja és/vagy az Értékpapír-kibocsátást törölje. Az Értékpapírokat jegyezni, valamint Értékpapírokat a Forgalmazó részére kifizetni az adott Forgalmazó és ügyfelei között az értékpapírok jegyzésére általánosan vonatkozó feltételek szerint kell. A jelentkezőket az adott Forgalmazó fogja értesíteni a jelentkezésük sikerességéről. A jelentkezésnek nincsen minimális összeghatára.

E.4

A kibocsátás / ajánlat szempontjából lényeges érdekek:

A díjak a Forgalmazó(k) részére fizetendőek. A Kibocsátónál a fenti D.6 számú Elemnél leírtak szerint összeférhetetlenség merülhet fel a Kibocsátó saját érdekei és az Értékpapír Tulajdonosok érdekei közt.

E.7

A Kibocsátó / értékesítő által a befektetőre hárított várható költségek:

Nem alkalmazandó; nincsenek a Kibocsátó vagy a Forgalmazó(k) által a befektetőre terhelt várható költségek. A kereskedő díjat fizet a Forgalmazó(k)nak az Ajánlat kapcsán, melynek mértéke Értékpapíronként előzetesen legfeljebb a Névérték 2 százaléka. Az ajánlati ár és az Értékpapírokra vonatkozó feltételek figyelembe veszik e díjat, így a kibocsátási ár meghaladhatja az Értékpapíroknak a kibocsátás napján érvényes piaci árát.

142042v2

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Credit Suisse International

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