New Issue: Credit Suisse prices $901,000 Bares linked to S&P 500, Russell 2000

By Angela McDaniels

Tacoma, Wash., April 4 – Credit Suisse AG, London Branch priced $901,000 of 0% Buffered Accelerated Return Equity Securities due April 30, 2020 to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the lesser-performing index’s return is positive, the payout at maturity will be par plus 150% of the lesser-performing index’s return, subject to a maximum return of 10%. Investors will receive par if the lesser-performing index falls by up to 10% and lose 1% for every 1% decline in the lesser-performing index beyond 10%.

Credit Suisse Securities (USA) LLC is the underwriter.

Issuer:	Credit Suisse AG, London Branch
Issue:	Buffered Accelerated Return Equity Securities
Underlying indexes:	Russell 2000 and S&P 500
Amount:	$901,000
Maturity:	April 30, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If lesser-performing index return is positive, par plus 150% of index return, up to 10% maximum return; par if lesser-performing index falls by up to 10%; 1% loss for every 1% decline in lesser-performing index beyond 10%
Initial levels:	2,818.46 for S&P 500 and 1,528.166 for Russell 2000
Buffer levels:	2,536.614 for S&P 500 and 1,375.3494 for Russell 2000, or 90% of initial levels
Pricing date:	March 26
Settlement date:	March 29
Underwriter:	Credit Suisse Securities (USA) LLC
Fees:	2.18%
Cusip:	22551LY95

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