New Issue: Credit Suisse sells $803,000 buffered return enhanced notes on S&P

By Wendy Van Sickle

Columbus, Ohio, Dec. 12 – Credit Suisse AG, London Branch priced $803,000 of 0% buffered return enhanced notes due June 10, 2020 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index closes at or above its initial value, the payout at maturity will be par plus 2 times any gain with the payout capped at par plus 12.36%.

If the index declines by up to 20%, the payout will be par. Investors will lose 1.25% for each 1% loss beyond 20%.

The placement agent is J.P. Morgan Securities LLC.

Issuer:	Credit Suisse AG, London Branch
Issue:	Buffered return enhanced notes
Underlying index:	S&P 500 index
Amount:	$803,000
Maturity:	June 10, 2020
Coupon:	0%
Price:	Par of $1,000
Payout at maturity:	Par plus 2 times return of index, capped at par plus 12.36%; par if index declines by up to 20%; 1.25% loss for each 1% loss beyond 20%
Initial value:	2,633.08
Pricing date:	Dec. 7
Settlement date:	Dec. 12
Placement agent:	J.P. Morgan Securities LLC
Fees:	1.25%
Cusip:	22551LPE4

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