New Issue: Credit Suisse sells $2.75 million leveraged buffered notes on index basket

By Sarah Lizee

Olympia, Wash., Nov. 29 – Credit Suisse AG, London branch priced $2.75 million of 0% leveraged buffered notes due Feb. 20, 2020 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 FTSE 100 index with a 20% weight, the Topix index with a 27% weight, the Swiss Market index with a 9% weight and the S&P/ASX 200 index with an 8% weight.

The payout at maturity will be par plus 160% of any basket gain, up to a maximum settlement amount of $1,316.80 for each $1,000 principal amount.

Investors will receive par if the basket falls by up to 12.5% and will lose 1.14286% for each 1% drop beyond 12.5%.

Credit Suisse Securities (USA) LLC is the underwriter.

Issuer:	Credit Suisse AG, London branch
Issue:	Leveraged buffered notes
Underlying basket:	Euro Stoxx 50 index (36% weight), FTSE 100 index (20% weight), Topix index (27% weight), Swiss Market index (9% weight) and S&P/ASX 200 index (8% weight)
Amount:	$2,753,000
Maturity:	Feb. 20, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 160% of any basket gain, capped at par plus 31.68%; par if basket declines by up to 12.5%; 1.14286% loss per 1% decline beyond 12.5%
Initial levels:	3166.42 for Stoxx, 1,644.16 for Topix, 7,016.85 for FTSE, 8,898.01 for Swiss Market and 5,728.283 for S&P/ASX
Pricing date:	Nov. 27
Settlement date:	Dec, 4
Underwriter:	Credit Suisse Securities (USA) LLC
Fees:	None
Cusip:	22551LL73

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