By Wendy Van Sickle
Columbus, Ohio, Dec. 6 – Credit Suisse AG, London Branch priced $7.94 million of 0% buffered accelerated return equity securities due Nov. 7, 2019 linked to an unequally weight basket of three funds, according to a 424B2 filing with the Securities and Exchange Commission.
The basket components are the SPDR S&P 500 ETF Trust (69% weight), the SPDR® S&P Midcap 400 ETF (20% weight) and the iShares Russell 2000 ETF (11% weight).
If the basket return is positive, the payout at maturity will be par plus 150% of the return up to a 21% cap.
Investors will receive par if the basket falls by 10% or less and will lose 1% for every 1% decline beyond 10%.
Credit Suisse Securities (USA) LLC is the agent.
| Issuer: | Credit Suisse AG, London Branch
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| Issue: | Buffered accelerated return equity securities
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| Basket components: | SPDR S&P 500 ETF Trust (69% weight), SPDR S&P Midcap 400 ETF (20% weight) and iShares Russell 2000 ETF (11% weight)
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| Amount: | $7.94 million
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| Maturity: | Nov. 7, 2019
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If basket return is positive, par plus 150% of return, up to 21% cap; par if basket declines by 10% or less; 1% loss for every 1% basket declines beyond 10%
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| Initial index level: | $274.58 for S&P 500 ETF, $340.67 for S&P Midcap 400 ETF, $152.24 for Russell ETF
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| Pricing date: | Nov. 28
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| Settlement date: | Dec. 3
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| Underwriter: | Credit Suisse Securities (USA) LLC
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| Fees: | 0%
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| Cusip: | 22551LLA6
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