New Issue: Credit Suisse prices $310,000 buffered return equity securities linked to S&P 500

By Angela McDaniels

Tacoma, Wash., July 27 – Credit Suisse AG, London Branch priced $310,000 of 0% buffered return equity securities due March 17, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive or zero, the payout at maturity will be par plus the index return, subject to a maximum return of 55%. If the index declines by up to 20%, the payout will be par. Otherwise, investors will lose 1% for every 1% that the index declines beyond 20%.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Buffered return equity securities
Underlying index:	S&P 500 index
Amount:	$310,000
Maturity:	March 17, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive or zero, par plus index return, subject to maximum return of 55%; if index declines by up to 20%, par; otherwise, 1% loss for every 1% that index declines beyond 20%
Initial level:	3,932.69
Buffer level:	3,146.152, or 80% of initial level
Pricing date:	Sept. 13, 2022
Settlement date:	Sept. 16, 2022
Agent:	Credit Suisse Securities (USA) LLC
Fees:	0.25%
Cusip:	22553QLA3

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