New Issue: Credit Suisse prices $1 million buffered notes due 2020 on Netflix

By Wendy Van Sickle

Columbus, Ohio, July 24 – Credit Suisse AG, London Branch priced $1 million of 0% buffered notes due Aug. 4, 2020 linked to the common stock of Netflix, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

If the stock closes at or above 80% of its initial level, the payout at maturity will be par plus 11.4%.

If the stock declines by more than 20%, investors will be exposed to the loss and will be paid in shares of the underlying stock.

J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA are placement agents.

Issuer:	Credit Suisse AG, London Branch
Issue:	Buffered notes
Underlying shares:	Netflix, Inc.
Amount:	$1 million
Maturity:	Aug. 4, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If stock finishes at or above 80% of initial level, par plus 11.4%; otherwise, investors will be exposed to the loss and will be paid in shares of the underlying stock
Initial level:	$325.21
Buffer level:	$260.17, 80% of initial level
Pricing date:	July 19
Settlement date:	July 24
Placement agents:	J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
Fees:	1%
Cusip:	22549JV31

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