New Issue: Credit Suisse sells $1.33 million of market-linked securities on ETF basket

Chicago, May 26 – Credit Suisse AG priced $1.33 million of 0% market-linked securities – leveraged upside participation to a cap and fixed percentage buffered downside due Nov. 3, 2025 linked to a basket comprised of the SPDR Dow Jones Industrial Average ETF Trust with a 50% weight, the SPDR S&P MidCap 400 ETF Trust with a 30% weight and the iShares Russell 2000 ETF with a 20% weight, according to a 424B2 filing with the Securities and Exchange Commission.

At maturity, if the basket return is positive, investors will receive par plus 1.1 times the gain, capped at par plus 32.5%.

The payment will be par if the basket declines, but finishes above its 90% buffer level.

Otherwise, investors will lose 1% for each 1% the basket declines beyond the 10% buffer.

Wells Fargo Securities LLC is the agent.

Issuer:	Credit Suisse AG
Issue:	Market-linked securities – leveraged upside participation to a cap and fixed percentage buffered downside
Underlying basket:	SPDR Dow Jones Industrial Average ETF Trust (50% weight), SPDR S&P MidCap 400 ETF Trust (30% weight) and iShares Russell 2000 ETF (20% weight)
Amount:	$1,332,000
Maturity:	Nov. 3, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.1 times gain if basket finishes positive; par if basket declines but finishes above buffer level; 1% loss for each 1% decline beyond buffer
Initial levels:	$358.23 for Dow, $509.14 for MidCap, $228.05 for Russell
Buffer level:	90% of initial level
Pricing date:	Oct. 29, 2021
Settlement date:	Nov. 5, 2021
Underwriter:	Wells Fargo Securities LLC
Fees:	3.825%
Cusip:	22552XWJ8

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