New Issue: Credit Suisse sells $40,000 buffered notes linked to Facebook

By Wendy Van Sickle

Columbus, Ohio, May 27 – Credit Suisse AG, London Branch priced $40,000 of 0% buffered notes due June 7, 2021 linked to the class A common stock of Facebook, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

If the stock finishes at or above 85% of its initial value, the payout at maturity will be par of $10,000 plus 9%.

If the stock declines by more than 15%, investors will receive a number of shares of Facebook stock equal to $10,000 divided by the buffer price or, at the issuer’s option, the cash equivalent.

J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA are placement agents.

Issuer:	Credit Suisse AG, London Branch
Issue:	Buffered notes
Underlying shares:	Facebook, Inc.
Amount:	$40,000
Maturity:	June 7, 2021
Coupon:	0%
Price:	Par of $10,000
Payout at maturity:	If stock finishes at or above 85% of initial value, par plus 9%; otherwise, number of Facebook shares equal to $10,000 divided by buffer value or, at issuer’s option, cash equivalent
Initial value:	$29.97
Buffer value:	$195.47, 85% of initial value
Final value:	Average of closing share prices on five trading days ending June 2, 2021
Strike date:	May 20
Pricing date:	May 21
Settlement date:	May 27
Placement agents:	J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
Fees:	1%
Cusip:	22550MFB0

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