New Issue: Credit Suisse sells $2.97 million Accelerated Return Equity Securities on S&P

By Sarah Lizee

Olympia, Wash., May 31 – Credit Suisse AG, London Branch priced $2.97 million of Accelerated Return Equity Securities due July 31, 2019 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus triple the index return, subject to a maximum underlying return of 12%.

Investors will lose 1% for every 1% decline of the index.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Accelerated Return Equity Securities
Underlying index:	S&P 500
Amount:	$2,972,000
Maturity:	July 31, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus triple the return, capped at 12%; 1% loss for every 1% decline
Initial level:	2689.86
Pricing date:	May 29
Settlement date:	May 31
Agent:	Credit Suisse Securities (USA) LLC
Fees:	2.35%
Cusip:	22550WU88

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