New Issue: Credit Suisse prices $575,000 buffered return securities linked to S&P 500

By Angela McDaniels

Tacoma, Wash., April 20 – Credit Suisse AG, London Branch priced $575,000 of 0% buffered return equity securities due May 30, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is greater than or equal to the initial index level, the payout at maturity will be par plus the index return, subject to a maximum return of 52%. Investors will receive par if the index declines by up to 25% or will lose 1% for every 1% that the index declines beyond 25%.

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:	$575,000
Maturity:	May 30, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If final index level is greater than or equal to initial index level, par plus index return, subject to cap of 52%; par if index declines by up to 25%; 1% loss for every 1% that index declines beyond 25%
Initial level:	4,158.24
Buffer level:	3,118.68, or 75% of initial level
Pricing date:	May 27, 2022
Settlement date:	June 2, 2022
Agent:	Credit Suisse Securities (USA) LLC
Fees:	0.75%
Cusip:	22553PZN2

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