New Issue: Credit Suisse sells $500,000 Bares due 2022 linked to index, ETF

By Wendy Van Sickle

Columbus, Ohio, May 11 – Credit Suisse AG, London Branch priced $500,000 of 0% Buffered Accelerated Return Equity Securities due May 6, 2022 linked to the lowest performing of the Hang Seng index and the iShares MSCI Emerging Markets ETF, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 2 times any gain of the lesser performing asset.

Investors will receive par if the lesser performing asset falls by up to 12% and will lose 1% for each 1% decline of the lesser performing asset beyond 12%.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Buffered Accelerated Return Equity Securities
Underlying assets:	Hang Seng index and iShares MSCI Emerging Markets ETF
Amount:	$500,000
Maturity:	May 6, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 2 times any gain of the lesser performing asset; par if the lesser performing asset falls by up to 10%; 1% loss for each 1% decline of the lesser performing asset beyond 10%
Initial levels:	30,808.45 for index, $46.92 for ETF
Buffer levels:	27,727.605 for index, $42.228 for ETF; 90% of initial levels
Pricing date:	May 1
Settlement date:	May 4
Agent:	Credit Suisse Securities (USA) LLC
Fees:	1%
Cusip:	22550WSU2

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