New Issue: Credit Suisse sells $7.3 million Bares on basket of two indexes, one ETF

By Wendy Van Sickle

Columbus, Ohio, June 27 – Credit Suisse AG, London Branch priced $7.3 million of 0% Buffered Accelerated Return Equity Securities due June 27, 2024 tied to an equally weight basket of seven stocks, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of the S&P 500 index with an 87.5% weight, the Euro Stoxx 50 index with a 7.5% weight and the iShares MSCI Emerging Markets ETF with a 5% weight.

If the basket return is zero or positive, the payout at maturity will be par plus 120% of the basket return. Investors will receive par if the basket falls by up to 20% and lose 1% for every 1% decline in the basket beyond 20%.

Credit Suisse Securities (USA) LLC is the underwriter.

Issuer:	Credit Suisse AG, London Branch
Issue:	Buffered Accelerated Return Equity Securities
Underlying basket:	S&P 500 index (87.5% weight), Euro Stoxx 50 index (7.5% weight) and iShares MSCI Emerging Markets ETF (5% weight)
Amount:	$7.3 million
Maturity:	June 27, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If basket return is zero or positive, par plus 120% of the basket return, up to a maximum payout of par plus 30%; par if the basket falls by up to 20%; 1% loss for every 1% decline in the basket beyond 20%
Initial values:	2,950.46 for S&P, 3,466.92 for Stoxx, $42.77 for ETF
Pricing date:	June 24
Settlement date:	June 27
Agent:	Credit Suisse Securities (USA) LLC
Fees:	0.5%
Cusip:	22552FKT8

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