New Issue: Credit Suisse sells $263,000 three-year Bares tied to iShares MSCI EM

By Marisa Wong

Morgantown, W.Va., Nov. 28 – Credit Suisse AG, London Branch priced $263,000 of 0% Buffered Accelerated Return Equity Securities due Nov. 19, 2020 tied to the iShares MSCI Emerging Markets exchange-traded fund, 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, capped at 34%. Investors will receive par if the ETF falls by up to 15% and lose 1% for every 1% decline in the ETF beyond 15%.

Credit Suisse Securities (USA) LLC is the underwriter.

Issuer:	Credit Suisse AG, London Branch
Issue:	Buffered Accelerated Return Equity Securities
Underlying ETF:	iShares MSCI Emerging Markets ETF
Amount:	$263,000
Maturity:	Nov. 19, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If ETF return is positive, par plus 150% of the ETF return, capped at 34%; par if ETF falls by up to 15%; 1% loss for every 1% decline in the ETF beyond 15%
Initial price:	$45.64
Buffer level:	$38.794, 85% of initial price
Pricing date:	Nov. 15
Settlement date:	Nov. 20
Underwriters:	Credit Suisse Securities (USA) LLC
Fees:	1.2%
Cusip:	22550BNZ2

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