New Issue: Credit Suisse sells $1.11 million buffered return equity notes on S&P

By Marisa Wong

Morgantown, W.Va., Aug. 13 – Credit Suisse AG, London Branch priced $1.11 million of 0% buffered return equity securities due Sept. 12, 2019 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index gains or finishes flat, the payout at maturity will be par plus the index return, capped at 8%. If the index declines by 15% or less, the payout will be par. Otherwise, investors will lose 1% for every 1% decline beyond 15%.

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:	$1,105,000
Maturity:	Sept. 12, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any index gain, capped at 8%; par if the index falls by up to 15%; 1% loss for each 1% decline beyond 15%
Initial level:	2,857.70
Buffer level:	2,429.045, 85% of initial level
Pricing date:	Aug. 8
Settlement date:	Aug. 13
Agent:	Credit Suisse Securities (USA) LLC
Fees:	0.43%
Cusip:	22550BWU3

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