By Kiku Steinfeld
Chicago, Jan. 25 – Credit Suisse AG, London Branch priced $1.88 million of 0% buffered notes due Jan. 31, 2022 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 5.15% if the index gains.
If the index finishes at or above 85% of its initial level, the payout will be par plus 5.15%.
Otherwise, investors will lose 1.17647% for each 1% decline of the index beyond 15%.
J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA are the placement agents.
| Issuer: | Credit Suisse AG, London Branch
|
| Issue: | Buffered notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $1,875,000
|
| Maturity: | Jan. 31, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 5.15% if index finishes at or above 85% of its initial level; otherwise, 1.17647% loss for each 1% decline of index beyond 15%
|
| Initial index level: | 3809.84
|
| Buffer level: | 3238.36 or 85% of initial level
|
| Pricing date: | Jan. 14
|
| Settlement date: | Jan. 20
|
| Placement agents: | J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
|
| Fees: | 1%
|
| Cusip: | 22552X5D1
|
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