New Issue: Credit Suisse sells $1 million four-year Bares linked to S&P 500

By Marisa Wong

Morgantown, W.Va., Feb. 12 – Credit Suisse AG, London Branch priced $1 million of 0% Buffered Accelerated Return Equity Securities due Feb. 4, 2022 tied 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 110% of the index return. Investors will receive par if the index falls by up to 15% and lose 1% for every 1% decline in the index beyond 15%.

Credit Suisse Securities (USA) LLC is the underwriter.

Issuer:	Credit Suisse AG, London Branch
Issue:	Buffered Accelerated Return Equity Securities
Underlying index:	S&P 500
Amount:	$1 million
Maturity:	Feb. 4, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus 110% of the index return; par if index falls by up to 15%; 1% loss for every 1% decline in the index beyond 15%
Initial index level:	2,821.98
Buffer level:	2,398.683, 85% of initial level
Pricing date:	Feb. 1
Settlement date:	Feb. 6
Underwriter:	Credit Suisse Securities (USA) LLC
Fees:	0.65%
Cusip:	22550WBZ9

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