New Issue: Credit Suisse sells $5.02 million Bares tied to basket of three ETFs

By Marisa Wong

Morgantown, W.Va., April 20 – Credit Suisse AG, London Branch priced $5.02 million of 0% Buffered Accelerated Return Equity Securities due Oct. 3, 2019 tied to a basket of three exchange-traded funds, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of the SPDR S&P 500 ETF trust with a 64% weight, the SPDR S&P MidCap 400 ETF with a 22% weight and the iShares Russell 2000 ETF with a 14% weight.

If the basket return is zero or positive, the payout at maturity will be par plus 150% of the basket return, capped at 17.25%. Investors will receive par if the basket falls by up to 10% and lose 1% for every 1% basket decline beyond 10%.

Credit Suisse Securities (USA) LLC is the underwriter.

Issuer:	Credit Suisse AG, London Branch
Issue:	Buffered Accelerated Return Equity Securities
Underlying basket:	SPDR S&P 500 ETF trust with a 64% weight, SPDR S&P MidCap 400 ETF with a 22% weight and iShares Russell 2000 ETF with a 14% weight
Amount:	$5,021,000
Maturity:	Oct. 3, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	If basket return is zero or positive, par plus 150% of the basket return, capped at 17.25%; par if the basket falls by up to 10%; 1% loss for every 1% decline beyond 10%
Initial values:	$263.15 for S&P 500, $341.73 for MidCap, $151.83 for Russell
Pricing date:	March 29
Settlement date:	April 3
Agent:	Credit Suisse Securities (USA) LLC
Fees:	None
Cusip:	22550WKA4

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