By Susanna Moon
Chicago, Dec. 31 – Credit Suisse AG, London Branch priced $1.53 million of 0% Buffered Accelerated Return Equity Securities due June 29, 2018 tied to the S&P 500, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above its initial level, the payout at maturity will be par plus 18.5%.
Investors will receive par if the index falls by up to 20% and lose 1% for every 1% decline beyond 20%.
Credit Suisse Securities (USA) LLC is the underwriter.
| Issuer: | Credit Suisse AG, London Branch
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| Issue: | Buffered Accelerated Return Equity Securities
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| Underlying index: | S&P 500
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| Amount: | $1.53 million
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| Maturity: | June 29, 2018
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index gains, par plus 18.5%; par if index falls by up to 20%; 1% loss per 1% drop beyond 20%
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| Initial index level: | 2,090.57
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| Pricing date: | Dec. 29
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| Settlement date: | Dec. 31
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| Underwriters: | Credit Suisse Securities (USA) LLC
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| Fees: | 2.8%
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| Cusip: | 22547QYE0
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