New Issue: Credit Suisse sells $1.93 million buffered return equity notes on index basket

By Sarah Lizee

Olympia, Wash., April 17 – Credit Suisse AG, London Branch priced $1.93 million of 0% buffered return equity securities due Oct. 14, 2021 linked to a weighted basket of the S&P 500 index with a 70% weight, the S&P MidCap 400 index with a 20% weight and the Russell 2000 index with a 10% weight, according to a 424B2 filing with the Securities and Exchange Commission.

If the basket gains or finishes flat, the payout at maturity will be par plus the basket return, capped at 18.25%. If the basket declines by 15% or less, the payout will be par. Otherwise, investors will lose 1% for every 1% decline beyond 15%.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Buffered return equity securities
Underlying basket:	S&P 500 index with a 70% weight, S&P MidCap 400 index with a 20% weight and Russell 2000 index with a 10% weight
Amount:	$1,925,000
Maturity:	Oct. 14, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	If the basket gains or finishes flat, par plus the basket return, capped at 18.25%; if the basket declines by buffer level or less, par; otherwise, 1% loss for every 1% decline beyond buffer
Initial levels:	2749.98 for S&P, 1535.51 for S&P MidCap, 1191.664 for Russell
Buffer level:	85% of initial basket level
Pricing date:	April 8
Settlement date:	April 13
Agent:	Credit Suisse Securities (USA) LLC
Fees:	None
Cusip:	22551NXZ4

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