New Issue: Credit Suisse sells $90,000 buffered return equity notes on SPDR Dow

By Wendy Van Sickle

Columbus, Ohio, March 26 – Credit Suisse AG, London Branch priced $90,000 of 0% buffered return equity securities due June 25, 2020 linked to the SPDR Dow Jones Industrial Average ETF Trust, according to a 424B2 filing with the Securities and Exchange Commission.

If the fund gains or finishes flat, the payout at maturity will be par plus the fund return, capped at 10%. If the fund declines by 10% or less, the payout will be par. Otherwise, investors will lose 1% for every 1% decline beyond 10%.

Credit Suisse Securities (USA) LLC is the underwriter.

Issuer:	Credit Suisse AG, London Branch
Issue:	Buffered return equity securities
Underlying ETF:	SPDR Dow Jones Industrial Average ETF Trust
Amount:	$90,000
Maturity:	June 25, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If the fund gains or finishes flat, par plus fund return, capped at 10%; if the fund declines by 10% or less, par; otherwise, 1% loss for every 1% decline beyond 10%
Initial price:	$259.58
Buffer level:	$233.622, 90% of initial price
Pricing date:	March 21
Settlement date:	March 26
Underwriter:	Credit Suisse Securities (USA) LLC
Fees:	1.5%
Cusip:	22551LZH6

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