New Issue: Credit Suisse prices $213,000 buffered return equity securities linked to S&P 500

By Angela McDaniels

Tacoma, Wash., July 10 – Credit Suisse AG, London Branch priced $213,000 of 0% buffered return equity securities due Aug. 1, 2024 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 the initial index level, the payout at maturity will be par plus the index return, subject to a maximum return of 72%. If the index declines by up to 10%, the payout will be par. Otherwise, investors will lose 1% for every 1% that the index declines beyond 10%.

Credit Suisse Securities (USA) LLC and InspereX LLC are the agents.

Issuer:	Credit Suisse AG, London Branch
Issue:	Buffered return equity securities
Underlying index:	S&P 500
Amount:	$213,000
Maturity:	Aug. 1, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If final index level is greater than initial index level, par plus index return, subject to maximum return of 72%; if index declines by up to 10%, par; otherwise, 1% loss for every 1% that index declines beyond 10%
Initial level:	4,130.29
Buffer level:	3,717.261, or 90% of initial level
Pricing date:	July 29, 2022
Settlement date:	Aug. 3, 2022
Agents:	Credit Suisse Securities (USA) LLC and InspereX LLC
Fees:	0.8%
Cusip:	22553QBF3

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