By Wendy Van Sickle
Columbus, Ohio, Jan. 2 – Credit Suisse AG, London Branch priced $2.5 million of 0% buffered accelerated return equity securities due Dec. 31, 2024 linked to the SPDR S&P Midcap 400 ETF trust, according to a 424B2 filing with the Securities and Exchange Commission.
If the trust return is positive, the payout at maturity will be par plus 115% of the trust return up to a 50% maximum gain.
Investors will receive par if the trust 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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| Underlying trust: | SPDR S&P Midcap 400 ETF trust
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| Amount: | $2.5 million
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| Maturity: | Dec. 31, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If trust return is positive, par plus 115% of trust return up to a 50% maximum gain; par if trust declines by 10% or less; 1% loss for every 1% trust declines beyond 10%
|
| Initial trust level: | $375.36
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| Buffer level: | $337.824, 90% of initial level
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| Pricing date: | Dec. 27
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| Settlement date: | Dec. 31
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| Underwriter: | Credit Suisse Securities (USA) LLC
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| Fees: | 4.25%
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| Cusip: | 22551NF84
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