New Issue: Credit Suisse sells $1.04 million Bares linked to the iShares MSCI Emerging Markets

By Wendy Van Sickle

Columbus, Ohio, July 5 – Credit Suisse AG, London Branch priced $1.04 million of 0% Buffered Accelerated Return Equity Securities due July 31, 2020 tied to the iShares MSCI Emerging Markets ETF, 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 200% of the ETF return, subject to a maximum payout of par plus 12%. Investors will receive par if the ETF falls by up to 10% and will lose 1% for every 1% decline in the ETF beyond 10%.

Credit Suisse Securities (USA) LLC and Incapital LLC are the underwriters.

Issuer:	Credit Suisse AG, London Branch
Issue:	Buffered Accelerated Return Equity Securities
Underlying ETF:	iShares MSCI Emerging Markets ETF
Amount:	$1,044,000
Maturity:	July 31, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If ETF return is positive, par plus 200% of the ETF return, capped at par plus 12%; par if ETF falls by up to 10%; 1% loss for every 1% decline in the ETF beyond 10%
Initial ETF level:	$42.91
Buffer level:	$38.619, 90% of initial level
Pricing date:	June 29
Settlement date:	July 3
Underwriters:	Credit Suisse Securities (USA) LLC and Incapital LLC
Fees:	0.8%
Cusip:	22552FGU0

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