New Issue: Credit Suisse sells $651,000 buffered return equity notes on Russell, S&P

By Wendy Van Sickle

Columbus, Ohio, Oct. 13 – Credit Suisse AG, London Branch priced $651,000 of 0% buffered return equity securities due Jan. 4, 2022 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each index gains or finishes flat, the payout at maturity will be par plus the return of the lesser-performing index, capped at par plus 19%.

If either index declines by up to 10% or less, the payout will be par. Otherwise, investors will lose 1% for every 1% that the lesser-performing index declines beyond 10%.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Buffered return equity securities
Underlying indexes:	S&P 500, Russell 2000
Amount:	$651,000
Maturity:	Jan. 4, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If each index gains or finishes flat, par plus gain of lesser-performing index, capped at par plus 19%; par if either index falls by up to 10%; 1% loss for each 1% that lesser-performing index declines beyond 10%
Initial levels:	3,363.0 for S&P and 1,507.692 for Russell
Buffer levels:	3,026.7 for S&P and 1,356.9228 for Russell, 90% of initial levels
Pricing date:	Sept. 30
Settlement date:	Oct. 5
Agent:	Credit Suisse Securities (USA) LLC
Fees:	0.8%
Cusip:	22552WGW9

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