New Issue: Credit Suisse sells $518,000 buffered accelerated return equity securities on S&P

By William Gullotti

Buffalo, N.Y., July 1 – Credit Suisse AG, London Branch priced $517,000 of 0% buffered accelerated return equity securities due Dec. 22, 2022 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index closes at or above its initial level, the payout at maturity will be par plus double the return of the index, with a maximum return of 12%.

Investors will receive par if the index falls by 10% or less and will lose 1% for every 1% that the 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 index:	S&P 500
Amount:	$518,000
Maturity:	Dec. 22, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If index closes at or above its initial level, the payout at maturity will be par plus two times the return of the index, capped at $1,120 per $1,000 principal amount of notes; investors will receive par if index falls by 10% or less and will lose 1% for every 1% that the index declines beyond 10%
Initial level:	4,166.45
Buffer level:	3,749.805; 90% of initial levels
Strike date:	June 18
Pricing date:	June 21
Settlement date:	June 24
Agent:	Credit Suisse Securities (USA) LLC
Fees:	None
Cusip:	22552XNN9

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