New Issue: Credit Suisse prices $2.82 million leveraged buffered notes on S&P 500

By Marisa Wong

Los Angeles, July 22 – Credit Suisse AG, London Branch priced $2.82 million of 0% leveraged buffered index-linked notes due Jan. 7, 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 140% of any index gain, up to a maximum settlement amount of $1,153.58 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:	$2,815,000
Maturity:	Jan. 7, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus 140% of index return, capped at par plus 15.358%; par if index falls by up to 12.5%; 1.1429% loss for every 1% decline beyond 12.5%
Initial level:	2,995.11
Pricing date:	July 18
Settlement date:	July 25
Agent:	Credit Suisse Securities (USA) LLC
Fees:	None
Cusip:	22552FPF3

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