New Issue: Credit Suisse sells $250,000 buffered accelerated return notes on index, ETFs

By Sarah Lizee

Olympia, Wash., June 24 – Credit Suisse AG, London Branch priced $250,000 of 0% buffered accelerated return equity securities due June 15, 2023 linked to the lesser performing of the Russell 2000 index, the Health Care Select Sector SPDR fund and the Technology Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.

If each asset return is positive, the payout at maturity will be par plus 204% of the return of the least performing asset.

Investors will receive par if any asset falls by 30% or less and will lose 1% for every 1% that the least performing asset declines beyond 30%.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Buffered accelerated return equity securities
Underlying assets:	Russell 2000 index, Health Care Select Sector SPDR fund and Technology Select Sector SPDR fund
Amount:	$250,000
Maturity:	June 15, 2023
Coupon:	0%
Price:	Par of $1,000
Payout at maturity:	If each asset return is positive, par plus 204% of the return of the least performing asset; investors will receive par if any asset falls by 30% or less and will lose 1% for every 1% that the least performing asset declines beyond 30%
Initial levels:	1,514.391 for Russell, $91.01 for health fund, $76.19 for tech fund
Buffer levels:	1,060.0737 for Russell, $63.707 for health fund, $53.333 for tech fund; 70% of initial levels
Pricing date:	June 10
Settlement date:	June 13
Underwriter:	Credit Suisse Securities (USA) LLC
Fees:	0.6%
Cusip:	22552FJY9

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