New Issue: Credit Suisse prices $5.55 million buffered return equity securities on weighted basket

By William Gullotti

Buffalo, N.Y., Jan. 21 – Credit Suisse AG, London Branch priced $5.55 million of 0% buffered return equity securities due Jan. 20, 2027 linked to the performance of a weighted index basket, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of the S&P 500 index with an 80% weight and the MSCI EAFE index with a 20% weight.

If the basket finishes at or above its initial level, the payout at maturity will be par plus the return of the basket with the gain capped at 88%.

Investors will receive par if the basket finishes at or above the 80% buffer level. Otherwise, investors will lose 1% for every 1% decline of the basket beyond 20%.

Credit Suisse Securities (USA) LLC is the underwriter.

Issuer:	Credit Suisse AG, London Branch
Issue:	Buffered return equity securities
Underlying indexes:	S&P 500 index (80% weight), MSCI EAFE index (20% weight)
Amount:	$5.55 million
Maturity:	Jan. 20, 2027
Coupon:	0%
Price:	Par
Payout at maturity:	If the basket finishes at or above initial levels, par plus the gain of the basket with a maximum gain of 88%; if the basket declines but finishes at or above the 80% buffer, par; otherwise, investors will lose 1% for every 1% decline of the basket beyond 20%
Initial levels:	4,662.85 for S&P, 2,333.0 for EAFE
Buffer level:	80% of initial level
Pricing date:	Jan. 14
Settlement date:	Jan. 20
Underwriters:	Credit Suisse Securities (USA) LLC
Fees:	None
Cusip:	22553PFC8

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