New Issue: Credit Suisse sells $1.29 million buffered accelerated return notes on index basket

By Wendy Van Sickle

Columbus, Ohio, Dec. 4 – Credit Suisse AG, London Branch priced $1.29 million of 0% buffered accelerated return equity securities due Dec. 1, 2021 linked to a basket of the S&P 500 index with a 70% weight, the Russell 2000 index with a 10% weight and the S&P Midcap 400 index with a 20% weight, according to a 424B2 filing with the Securities and Exchange Commission.

If the basket return is positive, the payout at maturity will be par plus 1.3 times the return of the basket up to 19.1%.

Investors will receive par if the basket falls by 12% or less and will lose 1% for every 1% that the basket declines beyond 12%.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Buffered accelerated return equity securities
Basket components:	S&P 500 index (70% weight), Russell 2000 index (10% weight) and S&P Midcap 400 index (20% weight)
Amount:	$1,291,000
Maturity:	Dec. 1, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	If the basket return is positive, par plus 1.3 times the return of the basket, up to 19.1%; investors will receive par if the basket falls by 12% or less and will lose 1% for every 1% that the basket declines beyond 12%
Initial levels:	3,133.64 for S&P 500, 2,009.7 for S&P MidCap, 1,621.904 for Russell
Pricing date:	Nov. 25
Settlement date:	Nov. 29
Underwriter:	Credit Suisse Securities (USA) LLC
Fees:	0.55%
Cusip:	22551NB70

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