New Issue: Credit Suisse prices $663,000 buffered return equity notes linked to three indexes

By Toni Weeks

San Luis Obispo, Calif., Jan. 22 – Credit Suisse AG, London Branch priced $663,000 of 0% buffered return equity securities due Jan. 25, 2018 linked to the worst performing of the S&P 500 index, the Russell 2000 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus the underlying return of the worst-performing index.

For each index, if the final level is greater than or equal to the initial level, the underlying return will equal the index return. If the index falls by up to 27.5%, the underlying return will equal zero. Otherwise, the underlying return will be the index return plus the 27.5% buffer amount.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Buffered return equity securities
Underlying indexes:	S&P 500, Russell 2000 and Dow Jones industrial average
Amount:	$663,000
Maturity:	Jan. 25, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	Based on return of worst-performing index; if return is zero or positive, par plus index return; if index falls by up to 27.5%, par; if index falls by more than 27.5%, exposure to losses beyond 27.5% buffer
Initial index levels:	2,022.55 for S&P, 1,170.254 for Russell and 17,515.23 for the Dow
Buffer amount:	27.5% of initial levels
Pricing date:	Jan. 20
Settlement date:	Jan. 23
Underwriters:	Credit Suisse Securities (USA) LLC
Fees:	0.8%
Cusip:	22546V2Q8

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