New Issue: Credit Suisse sells $12.08 million leveraged buffered notes on S&P 500

By Sarah Lizee

Olympia, Wash., Dec. 17 – Credit Suisse AG, London Branch priced $12.08 million of 0% leveraged buffered index-linked notes due April 15, 2021 tied 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 180% of any index gain up to a maximum settlement amount of $1,337.68 for each $1,000 principal amount.

Investors will receive par if the index falls by up to 15% and lose 1.1765% for each 1% decline beyond 15%.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Leveraged buffered index-linked notes
Underlying index:	S&P 500
Amount:	$12,077,000
Maturity:	April 15, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus 180% of index return, capped at par plus 33.768%; par if index falls by up to 15%; 1.1765% loss per 1% decline beyond 15%
Initial level:	2,650.54
Buffer level:	85% of initial level
Pricing date:	Dec. 13
Settlement date:	Dec. 20
Agent:	Credit Suisse Securities (USA) LLC
Fees:	None
Cusip:	22551LPR5

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