New Issue: Credit Suisse sells $21.11 million accelerated return notes on index basket

By Sarah Lizee

Olympia, Wash., Dec. 12 – Credit Suisse AG, London Branch priced $21.11 million of 0% accelerated return notes due Jan. 29, 2021 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The basket includes the Euro Stoxx 50 index with a 40% weight, the FTSE 100 index with a 20% weight, the Nikkei 225 index with a 20% weight, the Swiss Market index with a 7.5% weight, the S&P/ASX 200 index with a 7.5% weight and the Hang Seng index with a 5% weight.

If the basket return is positive, the payout at maturity will be par plus 3 times the return of the basket up to 16.95%.

Investors will lose 1% for every 1% that the basket declines.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Accelerated return notes
Basket components:	Euro Stoxx 50 (40% weight), FTSE 100 (20% weight), Nikkei 225 index (20% weight), Swiss Market (7.5% weight), S&P/ASX 200 (7.5% weight) and Hang Seng (5% weight)
Amount:	$21,108,980
Maturity:	Jan. 29, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	If the basket return is positive, par plus 3 times the return of the basket, up to 16.95%; 1% loss for every 1% that the basket declines
Initial levels:	3,705.55 for Euro Stoxx 50, 23,373.32 for Nikkei, 7,403.14 for FTSE 100, 10,506.93 for Swiss Market, 6,787.530 for S&P/ASX 200 and 26,913.92 for Hang Seng
Pricing date:	Nov. 26
Settlement date:	Dec. 4
Underwriter:	Credit Suisse Securities (USA) LLC
Fees:	2%
Cusip:	22550J874

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