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Published on 9/15/2019 in the Prospect News Structured Products Daily.

New Issue: Credit Suisse prices $1.53 million BARES on S&P 500 index

Chicago, Sept. 16 – Credit Suisse AG, London Branch priced $1.53 million of Buffered Accelerated Return Equity Securities due March 3, 2021 linked 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 1.5 times the index return, subject to a maximum return of 9%.

If the index declines, but not more than 10%, the payout will be par.

Otherwise, investors will be exposed to the losses of the index beyond the 10% buffer.

Credit Securities (USA) LLC and Incapital LLC is the agent.

Issuer:Credit Suisse AG, London Branch
Issue:Buffered Accelerated Return Equity Securities
Underlier:S&P 500 index
Amount:$1,513,000
Maturity:March 3, 2021
Coupon:0%
Price:Par
Payout at maturity:Par plus 1.5 times the index return, subject to a maximum return of 9%; par if the index falls but not more than 10%; otherwise, exposure to losses beyond the 10% buffer
Initial level:2869.16
Buffer level:2582.244, 90% of initial level
Pricing date:Aug. 27
Settlement date:Aug. 30
Agent:Credit Securities (USA) LLC and Incapital LLC
Fees:2.35%
Cusip:22552FQ96

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