New Issue: Credit Suisse sells $2.04 million buffered accelerated return notes on Nasdaq, S&P

By Wendy Van Sickle

Columbus, Ohio, April 21 – Credit Suisse AG, London Branch $2.04 million of 0% buffered accelerated return equity securities due April 21, 2022 linked to the lesser performing of the S&P 500 index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the laggard index return is positive, the payout at maturity will be par plus 150% of the laggard index return, up to a maximum payout of par plus 30.5%.

Investors will receive par if the laggard index falls by 10% or less and will lose 1% for every 1% decline of that index beyond 10%.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Buffered accelerated return equity securities
Underlying indexes:	Nasdaq-100 index and S&P 500 index
Amount:	$2,041,000
Maturity:	April 21, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If laggard index return is positive, par plus 150% of laggard index return, up to a maximum of par plus 30.5%; par if laggard index declines by 10% or less; 1% loss for every 1% laggard index declines beyond 10%
Initial index levels:	8,757.832 for Nasdaq, 2,799.55 for S&P
Buffer levels:	7,882.0488 for Nasdaq, 2,519.595 for S&P, 90% of initial levels
Pricing date:	April 16
Settlement date:	April 21
Underwriter:	Credit Suisse Securities (USA) LLC
Fees:	0.95%
Cusip:	22551NYU4

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