New Issue: Credit Suisse sells $1.55 million Bares linked to spread between Stoxx, S&P

By Wendy Van Sickle

Columbus, Ohio, May 4 – Credit Suisse AG, London Branch priced $1.55 million of 0% Buffered Accelerated Return Equity Securities due Oct. 30, 2020 tied to the spread between the Euro Stoxx 50 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the spread of the Euro Stoxx 50 index minus the S&P 500 index is positive, the payout at maturity will be par plus 2.5 times the spread, capped at 66%. If the spread is negative but at least negative 15%, the payout will be par. Otherwise, investors will be exposed to the negative spread performance beyond 15%.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Buffered Accelerated Return Equity Securities
Underlying spread:	Euro Stoxx 50 index minus S&P 500 index
Amount:	$1,548,000
Maturity:	Oct. 30, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 250% of any positive spread, return capped at 66%; par if spread is between zero and negative 15%; 1% loss for every 1% spread is negative below negative 15%
Initial levels:	2,388.77 for S&P, 3,563.29 for Stoxx
Pricing date:	April 27
Settlement date:	May 2
Agent:	Credit Suisse Securities (USA) LLC
Fees:	0.7%
Cusip:	22548QZV0

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