New Issue: Credit Suisse prices $524,000 annual reset coupon buffered notes on Russell 2000

By Marisa Wong

Madison, Wis., Dec. 3 – Credit Suisse AG, London Branch priced $524,000 of annual reset coupon buffered notes due Nov. 30, 2020 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable annually and will equal 5.25% if the index’s return for that year is zero or positive. Otherwise, the coupon will equal 2.25%. The index’s return will be measured from its level a year earlier.

The payout at maturity will be par unless the index falls by more than 20%, in which case investors will lose 1% for every 1% decline beyond 20%.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Annual reset coupon buffered notes
Underlying index:	Russell 2000
Amount:	$524,000
Maturity:	Nov. 30, 2020
Coupon:	5.25% if index’s return, measured from its level a year earlier, is zero or positive; otherwise, 2.25%; payable annually
Price:	Par
Payout at maturity:	Par unless index falls by more than 20%, in which case 1% loss for every 1% drop beyond 20%
Initial index level:	1,186.331
Pricing date:	Nov. 25
Settlement date:	Nov. 28
Agent:	Credit Suisse Securities (USA) LLC
Fees:	3.8%
Cusip:	22547QWM4

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