New Issue: Credit Suisse prices $608,000 buffered return equity securities on ETF basket

By Wendy Van Sickle

Columbus, Ohio, Oct. 9 – Credit Suisse AG, London Branch priced $608,000 of 0% buffered return equity securities due Sept. 28, 2023 linked to a basket of two funds, according to a 424B2 filing with the Securities and Exchange Commission.

The basket underliers are the iShares MSCI EAFE ETF with a 50% weight and the iShares MSCI Emerging Markets ETF with a 50% weight.

If the final basket level is greater than the initial basket level, the payout at maturity will be par plus the basket return. If the basket declines by 30% or less, the payout will be par. Otherwise, investors will lose 1% for every 1% that the basket declines beyond 30%.

Credit Suisse Securities (USA) LLC is the underwriter.

Issuer:	Credit Suisse AG, London Branch
Issue:	Buffered return equity securities
Basket components:	iShares MSCI Emerging Markets ETF (50% weight), iShares MSCI EAFE ETF (50% weight)
Amount:	$608,000
Maturity:	Sept. 28, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If final basket level is greater than initial level, par plus return; if basket declines by 30% or less, par; otherwise, 1% loss for every 1% that index declines beyond 30%
Initial levels:	$42.91 for iShares MSCI Emerging Markets ETF, $68.66 for iShares MSCI EAFE ETF
Pricing date:	Sept. 25
Settlement date:	Sept. 28
Underwriter:	Credit Suisse Securities (USA) LLC
Fees:	3.5%
Cusip:	22551L7M6

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