New Issue: Credit Suisse sells $3.25 million Bares tied to basket of three ETFs

By Marisa Wong

Morgantown, W.Va., April 20 – Credit Suisse AG, London Branch priced $3.25 million of 0% Buffered Accelerated Return Equity Securities due Oct. 3, 2019 tied to a basket of three exchange-traded funds, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of the iShares MSCI EAFE ETF with a 53% weight, the iShares MSCI Emerging Markets ETF with a 34% weight and the iShares MSCI EAFE Small-Cap ETF with a 13% weight.

If the basket return is zero or positive, the payout at maturity will be par plus 150% of the basket return, capped at 19.35%. Investors will receive par if the basket falls by up to 10% and lose 1% for every 1% basket decline beyond 10%.

Credit Suisse Securities (USA) LLC is the underwriter.

Issuer:	Credit Suisse AG, London Branch
Issue:	Buffered Accelerated Return Equity Securities
Underlying basket:	iShares MSCI EAFE ETF with a 53% weight, iShares MSCI Emerging Markets ETF with a 34% weight and iShares MSCI EAFE Small-Cap ETF with a 13% weight
Amount:	$3.25 million
Maturity:	Oct. 3, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	If basket return is zero or positive, par plus 150% of the basket return, capped at 19.35%; par if the basket falls by up to 10%; 1% loss for every 1% decline beyond 10%
Initial values:	$69.68 for EAFE, $48.28 for EM, $65.19 for Small-Cap
Pricing date:	March 29
Settlement date:	April 3
Agent:	Credit Suisse Securities (USA) LLC
Fees:	None
Cusip:	22550WKB2

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