New Issue: Credit Suisse prices $2.47 million 18-month Bares linked to the Dow

By Marisa Wong

Morgantown, W.Va., July 25 – Credit Suisse AG, London Branch priced $2.47 million of 0% Buffered Accelerated Return Equity Securities due Jan. 28, 2020 tied to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus 200% of the index return, subject to a maximum payout of par plus 14.5%. Investors will receive par if the index falls by up to 10% and will lose 1% for every 1% decline in the index beyond 10%.

Credit Suisse Securities (USA) LLC is the underwriter.

Issuer:	Credit Suisse AG, London Branch
Issue:	Buffered Accelerated Return Equity Securities
Underlying index:	Dow Jones industrial average
Amount:	$2,471,000
Maturity:	Jan. 28, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus 200% of the index return, subject to maximum payout of par plus 14.5%; par if index falls by up to 10%; 1% loss for every 1% decline in the index beyond 10%
Initial index level:	25,058.12
Buffer level:	22,552.308, 90% of initial level
Pricing date:	July 20
Settlement date:	July 27
Underwriter:	Credit Suisse Securities (USA) LLC
Fees:	1.4%
Cusip:	22550BUY7

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