New Issue: Credit Suisse prices $5.01 million leveraged buffered notes on S&P 500

By Marisa Wong

Morgantown, W.Va., Aug. 10 – Credit Suisse AG, London Branch priced $5.01 million of 0% leveraged buffered notes due Feb. 9, 2017 linked to the S&P 500 index, 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 130% of the gain, subject to a maximum settlement amount of $1,161.20 for each $1,000 principal amount of notes. Investors will receive par if the index falls by up to 10% and lose 1.1111% for every 1% that the index declines beyond 10%.

Credit Suisse Securities (USA) LLC is the underwriter.

Issuer:	Credit Suisse AG, London Branch
Issue:	Leveraged buffered notes
Underlying index:	S&P 500
Amount:	$5,006,000
Maturity:	Feb. 9, 2017
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus 130% of index return, up to 16.12% maximum return; par if index falls by 10% or less; 1.1111% loss for every 1% decline in index beyond 10%
Initial index level:	2,083.56
Pricing date:	Aug. 6
Settlement date:	Aug. 13
Underwriter:	Credit Suisse Securities (USA) LLC
Fees:	None
Cusip:	22546VJ64

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