New Issue: Credit Suisse sells $4.77 million leveraged buffered notes on S&P 500

By William Gullotti

Buffalo, N.Y., June 23– Credit Suisse AG, London Branch priced $4.77 million of 0% leveraged buffered index-linked notes due June 12, 2024 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 150% of any index gain, up to a maximum settlement amount of par plus 33.9%.

Investors will receive par if the index finishes flat or falls by up to 17.5% and will lose 1.21212% for each 1% decline beyond 17.5%.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Leveraged buffered index-linked notes
Underlying index:	S&P 500 index
Amount:	$4,774,000
Maturity:	June 12, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 150% of any index gain, capped at par plus 33.9%; par if index finishes flat or falls by up to 17.5%; otherwise, 1.21212% loss for each 1% decline beyond 17.5%
Initial index level:	3,666.77
Buffer level:	82.5% of initial level
Pricing date:	June 16
Settlement date:	June 24
Agent:	Credit Suisse Securities (USA) LLC
Fees:	None
Cusip:	22553Q5T0

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