By Susanna Moon
Chicago, March 6 – Credit Suisse AG, London Branch priced $1.77 million of 0% Buffered Return Equity Securities due March 4, 2020 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 103% of any index gain.
Investors will receive par if the index falls by up to 15% and will be exposed to any losses beyond 15%.
Credit Suisse Securities (USA) LLC is the underwriter.
| Issuer: | Credit Suisse AG, London branch
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| Issue: | Buffered Return Equity Securities
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| Underlying index: | S&P 500
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| Amount: | $1.77 million
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| Maturity: | March 4, 2020
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 103% of any index gain; par if index falls by up to 15%; exposure to any losses beyond 15%
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| Initial level: | 2,363.64
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| Pricing date: | Feb. 28
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| Settlement date: | March 3
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| Agent: | Credit Suisse Securities (USA) LLC
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| Fees: | 1.5%
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| Cusip: | 22548QTT2
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