New Issue: Credit Suisse prices $25.81 million buffered return equity securities on Dow, S&P

By Wendy Van Sickle

Columbus, Ohio, July 8 – Credit Suisse AG, London Branch priced $25.81 million of 0% buffered return equity securities due Jan. 4, 2024 linked to the lowest performing of the S&P 500 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

If the lowest-performing index finishes at or above its initial level, the payout at maturity will be par plus the return of that index with the gain capped at 30.05%.

Investors will receive par if all indexes finish at or above the 80% buffer level. Otherwise, investors will lose 1% for every 1% decline of the worst performing index beyond 20%.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Buffered return equity securities
Underlying indexes:	S&P 500 index, Dow Jones industrial average
Amount:	$25,805,000
Maturity:	Jan. 4, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If all indexes finish at or above initial levels, par plus the gain of the lowest-performing index with a maximum payout of par plus 30.05%; if the worst performer declines but finishes at or above the buffer, par; otherwise, investors will lose 1% for every 1% decline of the worst performer beyond buffer
Initial levels:	3,785.38 for S&P, 30,775.43 for Dow
Buffer levels:	3,028.304 for S&P, 24,620.344 for Dow; 80% of initial levels
Pricing date:	June 30
Settlement date:	July 6
Agent:	Credit Suisse Securities (USA) LLC
Fees:	0.25%
Cusip:	22553PZV4

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