New Issue: Credit Suisse sells $944,000 two-year leveraged buffer notes on S&P 500

By Susanna Moon

Chicago, Aug. 13 – Credit Suisse AG, London branch priced $944,000 of 0% leveraged buffered notes due Sept. 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 1.5 times any index gain, up to a maximum settlement amount of $1,234 for each $1,000 principal amount.

Investors will receive par if the index falls by up to 15% and will lose 1.17647% for each 1% decline beyond the buffer.

Credit Suisse Securities (USA) LLC is the underwriter.

Issuer:	Credit Suisse AG, London branch
Issue:	Leveraged buffered notes
Underlying index:	S&P 500
Amount:	$944,000
Maturity:	Sept. 4, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.5 times any index gain, capped at 23.4%; par if index falls by up to 15%; otherwise, 1.17647% loss per 1% decline beyond 15%
Initial level:	2,827.22
Pricing date:	Aug. 2
Settlement date:	Aug. 9
Underwriter:	Credit Suisse Securities (USA) LLC
Fees:	None
Cusip:	22550BWQ2

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