New Issue: Credit Suisse sells $20.64 million Accelerated Return Notes on basket of technology stocks

By Wendy Van Sickle

Columbus, Ohio, Sept. 2 – Credit Suisse AG, London Branch priced $20.64 million of 0% Accelerated Return Notes due Oct. 29, 2021 linked to a basket of technology sector stocks, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of Facebook, Inc., Amazon.com, Inc., Apple Inc., Netflix, Inc. and Alphabet Inc., each with a 20% weight.

The payout at maturity will be par of $10 plus 300% of any basket gain, subject to a maximum return of 27.6%. Investors will be exposed to any basket decline.

BofA Securities, Inc. is the underwriter.

Issuer:	Credit Suisse AG, London Branch
Issue:	Accelerated Return Notes
Underlying stocks:	Facebook, Inc., Amazon.com, Inc., Apple Inc., Netflix, Inc. and Alphabet Inc., each with a 20% weight
Amount:	$20,640,740
Maturity:	Oct. 29, 2021
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 300% of any basket gain, capped at 27.6%; exposure to any basket decline
Initial share prices:	$293.22 for Facebook, $3,400 for Amazon, $500.04 for Apple, $526.27 for Netflix, $1,628.52 for Alphabet
Pricing date:	Aug. 27
Settlement date:	Sept. 3
Agent:	BofA Securities, Inc.
Fees:	1.75%
Cusip:	22550J676

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