New Issue: Credit Suisse prices $2.33 million buffered return notes linked to ETFs

By Angela McDaniels

Tacoma, Wash., Oct. 10 – Credit Suisse AG, London Branch priced $2.33 million of 0% buffered return equity securities due Oct. 12, 2022 linked to an equally weighted basket that contains the Financial Select Sector SPDR fund, the SPDR S&P Oil & Gas Exploration & Production exchange-traded fund and the Consumer Discretionary Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the final basket level is greater than the initial basket level, the payout at maturity will be par plus the basket return, subject to a maximum return of 55%. If the basket declines by 15% or less, the payout will be par. Otherwise, investors will lose 1% for every 1% that the basket declines beyond 15%.

Credit Suisse Securities (USA) LLC is the underwriter.

Issuer:	Credit Suisse AG, London Branch
Issue:	Buffered return equity securities
Underlying ETFs:	Financial Select Sector SPDR fund, SPDR S&P Oil & Gas Exploration & Production ETF and Consumer Discretionary Select Sector SPDR fund, equally weighted
Amount:	$2,325,000
Maturity:	Oct. 12, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If final basket level is greater than initial basket level, par plus basket return, subject to 55% maximum return; if basket declines by 15% or less, par; otherwise, 1% loss for every 1% that basket declines beyond 15%
Initial share prices:	$26.35 for financial fund, $33.58 for oil fund and $91.72 for consumer discretionary fund
Pricing date:	Oct. 6
Settlement date:	Oct. 12
Underwriter:	Credit Suisse Securities (USA) LLC
Fees:	4.5%
Cusip:	22550BLK7

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