New Issue: Credit Suisse sells $300,000 buffered notes tied to iShares MSCI India

By Marisa Wong

Morgantown, W.Va., April 22 – Credit Suisse AG, London Branch priced $300,000 of 0% buffered notes due April 16, 2020 linked to the iShares MSCI India exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the ETF gains, the payout at maturity will be par plus the return, capped at par plus 10%.

If the ETF remains flat or falls by up to 18%, the payout will be par.

Otherwise, investors will lose 1.21951% for each 1% decline of the ETF beyond the 18% buffer.

J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA are placement agents.

Issuer:	Credit Suisse AG, London Branch
Issue:	Buffered notes
Underlying ETF:	iShares MSCI India ETF
Amount:	$300,000
Maturity:	April 16, 2020
Coupon:	0%
Price:	Par of $1,000
Payout at maturity:	If the ETF gains, par plus the return, capped at par plus 10%; if the ETF remains flat or falls by up to 18%, par; otherwise, 1.21951% loss for each 1% decline of the ETF beyond the buffer
Initial value:	$35.25
Buffer value:	$28.91, 82% of initial value
Pricing date:	March 29
Settlement date:	April 3
Placement agents:	J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
Fees:	1%
Cusip:	22552F4W9

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