New Issue: Credit Suisse sells $4.13 million capped buffer gears on iShares MSCI Emerging Markets

By Wendy Van Sickle

Columbus, Ohio, April 1 – Credit Suisse AG, London Branch priced $4.13 million of 0% capped buffer gears due March 31, 2021 linked to the iShares MSCI Emerging Markets ETF, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus double any ETF gain, up to a maximum return of 18.2%.

Investors will receive par if the ETF falls by up to 15% and lose 1% for every 1% decline beyond 15%.

Credit Suisse Securities (USA) LLC and UBS Financial Services Inc. are the agents.

Issuer:	Credit Suisse AG, London Branch
Issue:	Capped buffer gears
Underlying ETF:	iShares MSCI Emerging Markets
Amount:	$4,127,000
Maturity:	March 31, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus double any ETF gain, capped at 18.2%; par if the ETF falls by up to 15%; 1% loss for every 1% decline beyond 15%
Initial level:	$42.66
Downside threshold:	$36.26 ,85% of initial level
Pricing date:	March 26
Settlement date:	March 29
Agents:	Credit Suisse Securities (USA) LLC and UBS Financial Services Inc.
Fees:	2%
Cusip:	22549Y768

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