New Issue: Credit Suisse prices $550,000 Bares linked to five tech stocks

By Wendy Van Sickle

Columbus, Ohio, Dec. 11 – Credit Suisse AG, London Branch priced $550,000 of 0% Buffered Accelerated Return Equity Securities due Nov. 30, 2022 linked to the least performing of the stocks of Apple Inc., Amazon.com, Inc., Facebook, Inc., Alphabet Inc. and Netflix, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

If the least-performing stock’s return is positive, the payout at maturity will be par plus 260% of the least-performing stock’s return. Investors will receive par if the least-performing stock falls by up to 20% and lose 1% for every 1% decline in the least-performing stock beyond 20%.

Credit Suisse Securities (USA) LLC is the underwriter.

Issuer:	Credit Suisse AG, London Branch
Issue:	Buffered Accelerated Return Equity Securities
Underlying stocks:	Apple Inc., Amazon.com, Inc., Facebook, Inc., Alphabet Inc. and Netflix, Inc.
Amount:	$550,000
Maturity:	Nov. 30, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If least-performing stock return is positive, par plus 260% of stock return; par if least-performing stock falls by up to 20%; 1% loss for every 1% decline in least-performing stock beyond 20%
Initial levels:	$1116.03 for Apple, $3,185.07 for Amazon, $265.59 for Facebook, $1,764.13 for Alphabet, $485.00 for Netflix
Buffer levels:	$92.824 for Apple, $2,548.056 for Amazon, $220.472 for Facebook, $1,411.304 for Alphabet, $388.00 for Netflix, or 80% of initial levels
Pricing date:	Nov. 25
Settlement date:	Dec. 1
Underwriter:	Credit Suisse Securities (USA) LLC
Fees:	0.75%
Cusip:	22552WSY2

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