New Issue: Credit Suisse sells $9.1 million leveraged buffered basket linked notes

By Wendy Van Sickle

Columbus, Ohio, July 25 – Credit Suisse AG, London Branch priced $9.1 million of 0% leveraged buffered notes due Sept. 12, 2023 linked to a weighted 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 26% weight, the FTSE 100 index with a 17% weight, the Swiss Market index with an 12% weight and the S&P/ASX 200 index with a 9% weight.

The payout at maturity will be par plus 1.5 times the basket gain up with a maximum payout of par plus 24%.

Investors will receive par if the basket finishes flat or falls by up to 10% and will lose 1.1111% for every 1% decline beyond 10%.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Leveraged buffered basket-linked notes
Underlying assets:	Euro Stoxx 50 index (36%), Topix index (26%), FTSE 100 index (17%), Swiss Market index (12%), S&P/ASX 200 index (9%)
Amount:	$9,103,000
Maturity:	Sept. 12, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If basket return is positive, par plus 1.5 times basket gain, up to par plus 24%; par if basket finishes flat or declines by up to 10%; otherwise, 1.1111% loss for every 1% decline beyond 10%
Initial levels:	3,604.16 for Stoxx, 1,943.21 for Topix, 7,306.3 for FTSE, 11,129.35 for Swiss Market, 6,789.933 for S&P/ASX
Buffer level:	90% of initial level
Pricing date:	July 25
Settlement date:	Aug. 1
Agent:	Credit Suisse Securities (USA) LLC
Fees:	1.09%
Cusip:	22553QDR5

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