New Issue: Credit Suisse sells $1.79 million five-year Bares linked to the Dow

By Marisa Wong

Los Angeles, April 9 – Credit Suisse AG, London Branch priced $1.79 million of % Buffered Accelerated Return Equity Securities due Sept. 29, 2023 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 125% of the index return. Investors will receive par if the index falls by up to 20% and will lose 1% for every 1% decline in the index beyond 20%.

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:	$1,787,000
Maturity:	Sept. 29, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 125% of any index gain; par if index falls by up to 20%; 1% loss for every 1% decline in the index beyond 20%
Initial index level:	22,552.17
Buffer level:	18,041.736, 80% of initial level
Pricing date:	March 26
Settlement date:	March 31
Underwriter:	Credit Suisse Securities (USA) LLC
Fees:	3%
Cusip:	22551NSN7

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