New Issue: Credit Suisse sells $500,000 buffered accelerated return notes on index basket

By Sarah Lizee

Olympia, Wash., May 30 – Credit Suisse AG, London Branch priced $500,000 of 0% buffered accelerated return equity securities due Nov. 29, 2024 linked to a basket of the S&P 500 index with a 75% weight and the Euro Stoxx 50 index with a 25% weight, according to a 424B2 filing with the Securities and Exchange Commission.

If the basket return is positive, the payout at maturity will be par plus 1.57 times the return of the basket.

Investors will receive par if the basket falls by 25% or less and will lose 1% for every 1% that the basket declines beyond 25%.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Buffered accelerated return equity securities
Basket components:	S&P 500 (75% weight) and Euro Stoxx 50 (25% weight)
Amount:	$500,000
Maturity:	Nov. 29, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If the basket return is positive, par plus 1.57 times the return of the basket; investors will receive par if the basket falls by 25% or less and will lose 1% for every 1% that the basket declines beyond 25%
Initial levels:	2,822.24 for S&P and 3,327.20 for Stoxx
Pricing date:	May 23
Settlement date:	May 29
Underwriter:	Credit Suisse Securities (USA) LLC
Fees:	0.6%
Cusip:	22552FG71

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