New Issue: Credit Suisse sells $3.81 million leveraged buffered notes on S&P 500

By Wendy Van Sickle

Columbus, Ohio, April 10 – Credit Suisse AG, London Branch priced $3.81 million of 0% leveraged buffered index-linked notes due Jan. 22, 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 150% of any index gain up to a maximum settlement amount of $1,215.25 for each $1,000 principal amount.

Investors will receive par if the index falls by up to 12.5% and will lose 1.1429% for every 1% decline beyond 12.5%.

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:	$3,808,000
Maturity:	Jan. 22, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus 150% of index return, capped at par plus 21.525%; par if index falls by up to 12.5%; 1.1429% loss for every 1% decline beyond 12.5%
Initial level:	2,867.24
Buffer level:	87.5% of initial level
Pricing date:	April 2
Settlement date:	April 9
Agent:	Credit Suisse Securities (USA) LLC
Fees:	0%
Cusip:	22552F7G1

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