New Issue: Credit Suisse sells $3.18 million three-year Bares linked to Amazon

By Cady Vishniac

Detroit, Nov. 23 – Credit Suisse AG, London Branch priced $3.18 million of 0% Buffered Accelerated Return Equity Securities due Nov. 16, 2023 tied to the common stock of Amazon.com, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

If the stock’s return is positive, the payout at maturity will be par plus 150% of the stock’s return, capped at par plus 37.5%. Investors will receive par if the stock falls by up to 20% and will lose 1% for every 1% decline in the stock beyond 20%.

Credit Suisse Securities (USA) LLC is the underwriter.

Issuer:	Credit Suisse AG, London Branch
Issue:	Buffered Accelerated Return Equity Securities
Underlying stock:	Amazon.com, Inc. (Symbol: AMZN)
Amount:	$3,184,000
Maturity:	Nov. 16, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 150% of any stock gain, capped at par plus 37.5%; par if stock falls by up to 20%; 1% loss for every 1% decline in the stock beyond 20%
Initial price:	$3,128.81
Buffer price:	$2,503.048, 80% of initial price
Pricing date:	Nov. 13
Settlement date:	Nov. 18
Underwriter:	Credit Suisse Securities (USA) LLC
Fees:	1.2%
Cusip:	22552WR56

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