New Issue: Credit Suisse prices $6.97 million leveraged buffered notes on S&P 500

By Jennifer Chiou

New York, Dec. 1 – Credit Suisse AG, London Branch priced $6.97 million of 0% leveraged buffered index-linked notes due Sept. 13, 2016 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus 120% of the index return, subject to a maximum payment of $1,187.80 per $1,000 principal amount.

Investors will receive par if the index falls by up to 12.5% and lose 1.1428% for every 1% decline in the index beyond 12.5%.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Leveraged buffered index-linked notes
Underlying index:	S&P 500
Amount:	$6.97 million
Maturity:	Sept. 13, 2016
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus 120% of index return, subject to maximum payment of $1,187.80 per $1,000 principal amount; par if index falls by up to 12.5%; 1.1428% loss for every 1% decline in index beyond 12.5%
Initial index level:	2,067.03
Pricing date:	Nov. 25
Settlement date:	Dec. 3
Underwriters:	Credit Suisse Securities (USA) LLC
Fees:	None
Cusip:	22547QY42

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