New Issue: Credit Suisse sells $654,000 buffered accelerated return notes on EM ETF

By Kiku Steinfeld

Chicago, March 18 – Credit Suisse AG, London Branch priced $654,000 of 0% buffered accelerated return equity securities due Sept. 21, 2023 linked to the iShares MSCI Emerging Markets ETF, according to a 424B2 filing with the Securities and Exchange Commission.

If the ETF return is positive, the payout at maturity will be par plus 150% of the ETF return up to a 21.65% maximum gain.

Investors will receive par if the ETF 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
Issue:	Buffered accelerated return equity securities
Underlying ETF:	iShares MSCI Emerging Markets ETF
Amount:	$654,000
Maturity:	Sept. 21, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If ETF return is positive, par plus 150% of return up to a 21.65% maximum gain; par if ETF declines by 10% or less; 1% loss for every 1% ETF declines beyond 10%
Initial level:	$51.37
Buffer level:	$46.233, 90% of initial level
Pricing date:	Sept. 17
Settlement date:	Sept. 22
Agent:	Credit Suisse Securities (USA) LLC
Fees:	0.4%
Cusip:	22552XUA9

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