New Issue: Credit Suisse sells $200,000 buffered notes linked to Home Depot

By Marisa Wong

Los Angeles, May 8 – Credit Suisse AG, London Branch priced $200,000 of 0% buffered notes due May 7, 2021 linked to the common stock of Home Depot, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

If the stock finishes at or above 80% of its initial value, the payout at maturity will be par of $10,000 plus 12.75%.

If the stock declines by more than 20%, investors will receive a number of shares of Home Depot stock equal to $10,000 divided by the buffer price or, at the issuer’s option, the cash equivalent.

J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA are placement agents.

Issuer:	Credit Suisse AG, London Branch
Issue:	Buffered notes
Underlying shares:	Home Depot, Inc. (Symbol: HD)
Amount:	$200,000
Maturity:	May 7, 2021
Coupon:	0%
Price:	Par of $10,000
Payout at maturity:	If stock finishes at or above 80% of initial value, par plus 12.75%; otherwise, number of Home Depot shares equal to $10,000 divided by buffer value or, at issuer’s option, cash equivalent
Initial value:	$200.61
Buffer value:	$160.49, 80% of initial value
Final value:	Average of closing share prices on five trading days ending May 4, 2021
Strike date:	April 21
Pricing date:	April 23
Settlement date:	April 28
Placement agents:	J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
Fees:	1%
Cusip:	22550MEE5

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