New Issue: Credit Suisse prices $28.87 million buffered capped participation notes on the Dow

By Toni Weeks

San Luis Obispo, Calif., Dec. 8 – Credit Suisse AG, London Branch priced $28.87 million of 0% buffered capped participation notes due Dec. 27, 2019 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

BofA Merrill Lynch is the agent.

The payout at maturity will be par plus any index gain, subject to a maximum return of 66.45%.

Investors will receive par if the index falls by up to 30% and will lose 1% for every 1% decline beyond the 30% buffer level.

The final index level will be the average of the closing index levels on the five trading days ending Dec. 23, 2019.

Issuer:	Credit Suisse AG, London Branch
Issue:	Buffered capped participation notes
Underlying index:	Dow Jones industrial average
Amount:	$28,865,000
Maturity:	Dec. 27, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any index gain, capped at 66.45%; par if index falls by up to 30%; exposure to losses beyond 30% buffer
Initial index level:	17,900.1
Threshold level:	12,530.07, 70% of initial level
Pricing date:	Dec. 4
Settlement date:	Dec. 11
Agent:	BofA Merrill Lynch
Fees:	2.5%
Cusip:	22539W830

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