New Issue: Credit Suisse sells $752,000 buffered return equity notes on S&P, Russell

By Kiku Steinfeld

Chicago, Dec. 19 – Credit Suisse AG, London Branch priced $752,000 of 0% buffered return equity securities due April 26, 2023 linked to the lowest performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each index closes at or above its initial level, the payout at maturity will be par plus the return of the lesser-performing index, capped at par plus 12.1%.

Investors will receive par if either index falls by 15% or less and will lose 1% for every 1% that the lesser-performing index declines beyond 15%.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Buffered return equity securities
Underlying indexes:	S&P 500 and Russell 2000
Amount:	$752,000
Maturity:	April 26, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If each index closes at or above initial level, par plus return of lesser-performing index capped at par plus 12.1%; par if each index declines by 15% or less; 1% loss for every 1% that lesser-performing index declines beyond 15%
Initial levels:	4459.45 for S&P and 2038.185 for Russell
Buffer levels:	3790.5325 for S&P and 1732.45725 for Russell; 85% of initial levels
Pricing date:	April 20
Settlement date:	April 25
Underwriter:	Credit Suisse Securities (USA) LLC
Fees:	1.65%
Cusip:	22553PS75

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