New Issue: Credit Suisse prices $510,000 of CS notes on Health Care Select Sector

By Devika Patel

Knoxville, Tenn., Dec. 24 – Credit Suisse AG, London Branch priced $510,000 of 0% CS notes due Dec. 17, 2021 linked to the Health Care Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the fund ever closes above the 132.21% barrier level during the life of the notes, the payout at maturity will be $1,060 for every $1,000 of notes.

Otherwise, the payout will be the greater of par and the fund return.

Incapital LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	CS notes
Underlying fund:	Health Care Select Sector SPDR
Amount:	$510,000
Maturity:	Dec. 17, 2021
Coupon:	0%
Price:	Par of $1,000
Payout at maturity:	If fund ever closes above 132.21% barrier level, par plus 6%; otherwise, greater of par and any gain in the fund
Initial share price:	$88.96
Barrier level:	$117.614016, 132.21% of initial level
Pricing date:	Dec. 14
Settlement date:	Dec. 19
Agent:	Incapital LLC
Fees:	4.5%
Cusip:	22551LPX2

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