New Issue: Credit Suisse prices $1 million capped notes tied to stock basket

By Wendy Van Sickle

Columbus, Ohio, June 17 – Credit Suisse AG, London Branch priced $1 million of 0% capped notes due June 13, 2025 linked to an equally weighted basket of the stocks of AbbVie Inc., Merck & Co., Inc. and Enterprise Products Partners LP, according to a 424B2 filing with the Securities and Exchange Commission.

If the basket return is positive, the payout at maturity will be par plus the basket return, capped at par plus 31.5%.

Otherwise, investors will receive par.

J.P. Morgan Securities LLC is the placement agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Capped notes
Underlying basket:	Stocks of AbbVie Inc., Merck & Co., Inc. and Enterprise Products Partners LP, equal weights
Amount:	$1 million
Maturity:	June 13, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If the basket return is positive, par plus the basket return, capped at par plus 31.5%; otherwise, par
Initial basket level:	$145.43 for AbbVie, $88.00 for Merck, $28.12 for Enterprise
Pricing date:	June 10
Settlement date:	June 15
Placement agent:	J.P. Morgan Securities LLC
Fees:	2%
Cusip:	22553Q5J2

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