New Issue: Credit Suisse sells $35.4 million leveraged notes due 2020 tied to S&P

By Sarah Lizee

Olympia, Wash., April 30 – Credit Suisse AG, London Branch priced $35.4 million of 0% leveraged notes due Oct. 28, 2020 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus 500% of the index return, subject to a maximum settlement amount of $1,160.50 for each $1,000 note.

Investors will be fully exposed to any decline in the index.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Leveraged notes
Underlying index:	S&P 500
Amount:	$35.4 million
Maturity:	Oct. 28, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus 500% of index return, up to maximum settlement amount of $1,160.50 for each $1,000 note; full exposure to any index decline
Initial index level:	2,926.17
Pricing date:	April 25
Settlement date:	May 2
Agent:	Credit Suisse Securities (USA) LLC
Fees:	1.67%
Cusip:	22552FAR3

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