New Issue: Credit Suisse prices $550,000 buffered return enhanced notes linked to Stoxx

By Sarah Lizee

Olympia, Wash., Feb. 5 – Credit Suisse AG, London Branch priced $550,000 of 0% buffered return enhanced notes due Feb. 3, 2021 linked to the Euro Stoxx 50 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 1.575 times the index return. Investors will receive par if the index declines by 25% or less and will lose 1.33333% for every 1% that the index declines beyond 25%.

J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA are the agents.

Issuer:	Credit Suisse AG, London Branch
Issue:	Buffered return enhanced notes
Underlying index:	Euro Stoxx 50 index
Amount:	$550,000
Maturity:	Feb. 3, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.575 times any index gain; par if index declines by 25% or less; 1.33333% loss for every 1% that index declines beyond 25%
Initial index level:	3,171.12
Buffer level:	2,378.34, or 75% of initial level
Final index level:	Average of index’s closing levels on five trading days ending Jan. 29, 2021
Pricing date:	Feb. 1
Settlement date:	Feb. 6
Agents:	J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
Fees:	1.5%
Cusip:	22551LW30

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