New Issue: Credit Suisse sells $1.31 million buffered return equity securities on S&P

By Wendy Van Sickle

Columbus, Ohio, July 20 – Credit Suisse AG, London Branch priced $1.31 million of 0% buffered return equity securities due July 18, 2024 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 the return of the index, capped at 48%.

Investors will receive par if the index falls by 15% or less and will lose 1% for every 1% that the index declines beyond 15%.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Buffered return equity securities
Underlying index:	S&P 500
Amount:	$1,307,000
Maturity:	July 18, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If index closes at or above its initial level, the payout at maturity will be par plus the return of the index, capped at 48%; investors will receive par if index falls by 15% or less and will lose 1% for every 1% that the index declines beyond 15%
Initial level:	3,863.16
Buffer level:	3,283.686; 85% of initial level
Pricing date:	July 15
Settlement date:	July 20
Agent:	Credit Suisse Securities (USA) LLC
Fees:	0.7%
Cusip:	22553QCV7

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