New Issue: Credit Suisse sells $11.68 million leveraged buffered notes tied to index basket

By Wendy Van Sickle

Columbus, Ohio, Feb. 25 – Credit Suisse AG, London Branch priced $11.68 million of 0% leveraged buffered notes due Nov. 24, 2021 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of the Euro Stoxx 50 index with a 36% weight, the Topix index with a 27% weight, the FTSE 100 index with a 19% weight, the Swiss Market index with a 10% weight and the S&P/ASX 200 index with an 8% weight.

The payout at maturity will be par plus 170% of any basket gain, up to $1,357.85 per $1,000 principal amount.

Investors will receive par if the basket falls by up to 15% and will lose 1% for each 1% decline beyond 15%.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Leveraged buffered notes
Underlying indexes:	Euro Stoxx 50 index (36% weight), Topix index (27% weight), FTSE 100 index (19% weight), Swiss Market index (10% weight) and S&P/ASX 200 index (8% weight)
Amount:	$11,684,000
Maturity:	Nov. 24, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 170% of any basket gain up to $1,357.85 per $1,000 principal amount; par if basket falls by up to buffer level; 1% loss for each 1% loss beyond buffer
Initial index levels:	3,800.38 for Euro Stoxx, 1,674.00 for Topix, 7,403.92 for FTSE, 11,110.78 for Swiss Market, 7,138.962 for S&P/ASX
Buffer level:	85% of initial basket level
Pricing date:	Feb. 21
Settlement date:	Feb. 28
Agent:	Credit Suisse Securities (USA) LLC
Fees:	None
Cusip:	22551NQK5

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