New Issue: Credit Suisse sells $1.65 million buffered accelerated return notes on index, ETF

By Kiku Steinfeld

Chicago, April 20 – Credit Suisse AG, London Branch priced $1.65 million of 0% buffered accelerated return equity securities due Oct. 2, 2024 linked to the lowest performing of the Euro Stoxx 50 index and the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

If each underlier closes at or above its initial level, the payout at maturity will be par plus 1.5 times the return of the lesser performing underlier.

Investors will receive par if either underlier falls by 10% or less and will lose 1% for every 1% that the lesser-performing index declines beyond 10%.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Buffered accelerated return equity securities
Underliers:	iShares MSCI EAFE ETF and Euro Stoxx 50 index
Amount:	$1,646,000
Maturity:	Oct. 2, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If each underlier closes at or above initial level, par plus 1.5 times return of lesser-performing underlier; par if each index declines by 10% or less; 1% loss for every 1% that lesser-performing index declines beyond 10%
Initial levels:	4165.48 for Stoxx, $80.25 for EAFE
Buffer levels:	3748.932 for Stoxx, $72.225 for EAFE; 90% of initial levels
Pricing date:	Sept. 27, 2021
Settlement date:	Sept. 30, 2021
Agent:	Credit Suisse Securities (USA) LLC
Fees:	3.5%
Cusip:	22552XUL5

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