New Issue: Credit Suisse prices $2.15 million Accelerated Return Equity Securities on basket

By Tali Rackner

Norfolk, Va., March 9 – Credit Suisse AG, London Branch priced $2.15 million of buffered accelerated return equity securities due March 15, 2021 linked to a basket of an index and funds, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of the S&P 500 index with a 65% weight, the iShares MSCI EAFE exchange-traded fund with a 25% weight and the iShares MSCI Emerging Markets exchange-traded fund with a 10% weight.

If the basket return is positive, the payout at maturity will be par plus 175% of the basket return, subject to a maximum return of 82.25%.

Investors will receive par if the basket falls by 20% or less and will lose 1% for every 1% decline beyond 20%.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Accelerated Return Equity Securities
Underliers:	S&P 500 index (65%), the iShares MSCI EAFE exchange-traded fund (25%) and the iShares MSCI Emerging Markets exchange-traded fund (10%)
Amount:	$2,145,000
Maturity:	March 15, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 175% of any gain, capped at 82.25%; par if basket falls by 20% or less; otherwise, full exposure to losses
Initial levels:	2,001.76 for S&P 500, $56.29 for EAFE fund, $32.74 for EM fund
Pricing date:	March 7
Settlement date:	March 14
Agent:	Credit Suisse Securities (USA) LLC
Fees:	0.8%
Cusip:	22546VYC4

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