New Issue: Credit Suisse sells $5 million leveraged buffered notes tied to S&P 500

By Tali Rackner

Norfolk, Va., Dec. 8 – Credit Suisse AG, London Branch priced $5 million of 0% leveraged buffered notes due March 6, 2018 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 1.5 times any index gain, up to maximum settlement amount of $1,231.90 for each $1,000 principal amount. The maximum settlement amount will be set at pricing.

Investors will receive par if the index falls by up to 10% and will lose about 1.1111% for every 1% decline beyond 10%.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Leveraged buffered notes
Underlying index:	S&P 500
Amount:	$5 million
Maturity:	March 6, 2018
Coupon:	0%
Price:	Par of $1,000
Payout at maturity:	If index return is positive, par plus 1.5 times the index return, subject to cap of 15.46%; par if index falls by 10% or less; loss of 1.1111% for every 1% beyond 10%
Initial index level:	2,102.63
Buffer amount:	10%
Pricing date:	Dec. 1
Settlement date:	Dec. 8
Agent:	Credit Suisse Securities (USA) LLC
Fees:	2.25%
Cusip:	22546VNP7

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