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Published on 2/7/2019 in the Prospect News Structured Products Daily.

New Issue: Credit Suisse prices $3.3 million 5.55% coupon buffered securities tied to index, fund

By Wendy Van Sickle

Columbus, Ohio, Feb. 7 – Credit Suisse AG, London Branch priced $3.3 million of 5.55% coupon buffered securities due April 6, 2020 linked to the Russell 2000 index and the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

Interest will be payable monthly.

The payout at maturity will be par unless either component falls below the 20% buffer, in which case investors will lose 1.25% for every 1% decline of the worst-performing component beyond 20%.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:Credit Suisse AG, London Branch
Issue:Coupon buffered securities
Underlying components:Russell 2000 index and iShares MSCI EAFE index fund
Amount:$3.3 million
Maturity:April 6, 2020
Coupon:5.55%, payable monthly
Price:Par
Payout at maturity:Par unless either component falls by more than 20%, in which case 1.25% loss per each 1% decline of worst-performing component beyond 20%
Initial levels:1,486.924 for Russell, $62.65 for EAFE fund
Buffer levels:1,189.5536 for Russell, $50.12 for EAFE fund, 80% of initial levels
Pricing date:Jan. 31
Settlement date:Feb. 5
Agent:Credit Suisse Securities (USA) LLC
Fees:None
Cusip:22551LWZ9

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