New Issue: Credit Suisse sells $2.25 million buffered accelerated return notes on S&P, Russell

By Wendy Van Sickle

Columbus, Ohio, Dec. 3 – Credit Suisse AG, London Branch priced $2.25 million of 0% buffered accelerated return equity securities due Jan. 2, 2020 linked to the lesser 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 return is positive, the payout at maturity will be par plus 1.5 times the return of the lesser-performing index, up to a cap of par plus 12%.

Investors will receive par if either index falls by 10% or less and will lose 1% for every 1% that the lesser-performing index declines beyond 10%.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Buffered accelerated return equity securities
Underlying indexes:	S&P 500 and Russell 2000
Amount:	$2,252,000
Maturity:	Jan. 2, 2020
Coupon:	0%
Price:	Par of $1,000
Payout at maturity:	If each index return is positive, par plus 1.5 times return of lesser-performing index, up to par plus 12% cap; par if each index declines by 10% or less; 1% loss for every 1% that lesser-performing index declines beyond 10%
Initial levels:	2,682.17 for S&P and 1,492.855 for Russell
Buffer levels:	2,413.953 for S&P, 1,343.5695 for Russell; 90% of initial levels
Pricing date:	Nov. 27
Settlement date:	Nov. 30
Underwriter:	Credit Suisse Securities (USA) LLC
Fees:	2.18%
Cusip:	22551LHX1

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