New Issue: Credit Suisse prices $4.33 million of leveraged buffered notes linked to index basket

By Wendy Van Sickle

Columbus, Ohio, Feb. 18 – Credit Suisse AG, London Branch priced $4.33 million of 0% leveraged buffered notes due Dec. 15, 2017 linked to a basket of five indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The basket is made up of the Euro Stoxx 50 index with a 37% weight, the FTSE 100 index with a 23% weight, the Topix index, also with a 23% weight, the Swiss Market index with a 9% weight and the S&P/ASX 200 index with an 8% weight.

If the basket return is positive, the payout at maturity will be par plus 150% of the gain, subject to a maximum payout of $1,279.75 per $1,000 of notes.

Investors will receive par if the basket falls by up to 15% and will lose 1.17647% for every 1% that the basket declines beyond 15%.

Credit Suisse Securities (USA) LLC is the underwriter.

Issuer:	Credit Suisse AG, London Branch
Issue:	Leveraged buffered notes
Basket components:	Euro Stoxx 50 index, 37% weight; FTSE 100 index, 23% weight; Topix index, 23% weight; Swiss Market index, 9% weight; S&P/ASX 200 index, 8% weight
Amount:	$4,331,000
Maturity:	Dec. 15, 2017
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 150% of any basket gain, up to $1,279.75 maximum settlement; par if index falls by 15% or less; 1.17647% loss for every 1% decline beyond 15%
Initial index levels:	2,756.16 for Stoxx; 5,707.60 for FTSE; 1,196.28 for Topix; 7,656.60 for Swiss Market; 4,765.346 for S&P/ASX
Pricing date:	Feb. 12
Settlement date:	Feb. 18
Underwriter:	Credit Suisse Securities (USA) LLC
Fees:	None
Cusip:	22546VTY2

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