New Issue: Credit Suisse sells $531,000 buffered return equity securities on stock basket

By Sarah Lizee

Olympia, Wash., Feb. 5 – Credit Suisse AG, London Branch priced $531,000 of 0% buffered return equity securities due Feb. 13, 2020 linked to a basket of five stocks, according to a 424B2 filing with the Securities and Exchange Commission.

The underlying stocks are Exxon Mobil Corp., Verizon Communications Inc., Coca-Cola Co., Cisco Systems, Inc. and JPMorgan Chase & Co., each with a 20% weight.

If the final basket level is greater than the initial basket level, the payout at maturity will be par plus the basket return, capped at par plus 18%. If the basket declines by 5% or less, the payout will be par. Otherwise, investors will lose 1% for every 1% that the basket declines beyond 5%.

Credit Suisse Securities (USA) LLC is the underwriter.

Issuer:	Credit Suisse AG, London Branch
Issue:	Buffered return equity securities
Basket components:	Exxon Mobil Corp., Verizon Communications Inc., Coca-Cola Co., Cisco Systems, Inc. and JPMorgan Chase & Co., each with a 20% weight
Amount:	$531,000
Maturity:	Feb. 13, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If final basket level is greater than initial level, par plus return, capped at par plus 18%; if basket declines by 5% or less, par; otherwise, 1% loss for every 1% that index declines beyond 5%
Initial levels:	$75.92 for Exxon, $54.55 for Verizon, $48.70 for Coca-Cola, $47.34 for Cisco, $103.88 for JPMorgan
Pricing date:	Feb. 1
Settlement date:	Feb. 6
Underwriter:	Credit Suisse Securities (USA) LLC
Fees:	1.68%
Cusip:	22551LU65

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