New Issue: Credit Suisse sells $2.4 million Bares due 2017 tied to indexes, funds

By Wendy Van Sickle

Columbus, Ohio, May 6 – Credit Suisse AG, London Branch priced $2.4 million of Buffered Accelerated Return Equity Securities due Oct. 18, 2017 linked to a basket of indexes and exchange-traded funds, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of the S&P 500 index with a 60% weight, the iShares MSCI EAFE ETF with a 25% weight, the Russell 2000 index with a 10% weight and the iShares MSCI Emerging Markets ETF with a 5% weight.

The payout at maturity will be par plus 150% of any index gain, up to underlying return of 15.75%.

Investors will receive par if the index falls by up to 10% and be exposed to losses beyond 10%.

Credit Suisse Securities (USA) LLC is the underwriter.

Issuer:	Credit Suisse AG, London Branch
Issue:	Buffered Accelerated Return Equity Securities
Underlying components:	S&P 500 index (60% weight), the iShares MSCI EAFE ETF (25% weight), the Russell 2000 index (10% weight) and the iShares MSCI Emerging Markets ETF (5% weight)
Amount:	$2.4 million
Maturity:	Oct. 18, 2017
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 150% of any index gain, with 15.75% underlying cap; if index falls by up to 10%, par; exposure to losses beyond 10%
Initial levels:	2,063.37 for S&P, $58.01 for MSCI EAFE fund, 1,121.756 for Russell and $33.33 for MSCI EM
Pricing date:	May 3
Settlement date:	May 6
Agent:	Credit Suisse Securities (USA) LLC
Fees:	0.6%
Cusip:	22548Q6E0

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