New Issue: Credit Suisse sells $28,000 three-year Bares linked to S&P 500

By Marisa Wong

Los Angeles, May 4 – Credit Suisse AG, London Branch priced $28,000 of 0% Buffered Accelerated Return Equity Securities due April 19, 2023 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus 200% of the index return, capped at par plus 21.5%. Investors will receive par if the index falls by up to 10% and will lose 1% for every 1% decline in the index beyond 10%.

Credit Suisse Securities (USA) LLC is the underwriter.

Issuer:	Credit Suisse AG, London Branch
Issue:	Buffered Accelerated Return Equity Securities
Underlying index:	S&P 500 index
Amount:	$28,000
Maturity:	April 19, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 200% of any index gain, capped at par plus 21.5%; par if index falls by up to 10%; 1% loss for every 1% decline in the index beyond 10%
Initial index level:	2,874.56
Buffer level:	2,587.104, 90% of initial level
Pricing date:	April 17
Settlement date:	April 21
Underwriter:	Credit Suisse Securities (USA) LLC
Fees:	3.5%
Cusip:	22551NYR1

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