By Kiku Steinfeld
Chicago, June 21 – Credit Suisse AG, London Branch priced $1.38 million of 0% market-linked securities – leveraged upside participation to a cap and fixed percentage buffered downside due July 5, 2023 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus double any gain in the index, capped at 12.5%.
If the index falls but not beyond 7.5%, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline of the index beyond the buffer.
Wells Fargo Securities, LLC is the agent.
| Issuer: | Credit Suisse AG, London Branch
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| Issue: | Market-linked securities – leveraged upside participation to a cap and fixed percentage buffered downside
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| Underlying index: | Russell 2000
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| Amount: | $1.38 million
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| Maturity: | July 5, 2023
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus double any gain, capped at 12.5%; par if index falls by up to 7.5%; otherwise, 1% loss for every 1% decline of index beyond the buffer
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| Initial level: | 2248.793
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| Buffer level: | 2080.133525; 92.5% of initial level
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| Pricing date: | Dec. 30
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| Settlement date: | Jan. 4
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| Agent: | Wells Fargo Securities LLC
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| Fees: | 2.475%
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| Cusip: | 22553P6T1
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