New Issue: Credit Suisse sells $605,000 buffered accelerated return notes on EM ETF

By Sarah Lizee

Olympia, Wash., Jan. 9 – Credit Suisse AG, London Branch priced $605,000 of 0% buffered accelerated return equity securities due Feb. 3, 2021 linked 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 up to a 10.5% maximum gain.

Investors will receive par if the ETF falls by 10% or less and will lose 1% for every 1% decline beyond 10%.

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

Issuer:	Credit Suisse AG, London Branch
Issue:	Buffered accelerated return equity securities
Underlying ETF:	iShares MSCI Emerging Markets ETF
Amount:	$605,000
Maturity:	Feb. 3, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	If ETF return is positive, par plus 200% of return up to a 10.5% maximum gain; par if ETF declines by 10% or less; 1% loss for every 1% ETF declines beyond 10%
Initial trust level:	$44.77
Buffer level:	$40.293, 90% of initial level
Pricing date:	Dec. 30
Settlement date:	Jan. 3
Underwriters:	Credit Suisse Securities (USA) LLC and Incapital LLC
Fees:	0.8%
Cusip:	22551NBQ8

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