New Issue: Credit Suisse sells $1.08 million buffered accelerated notes on basket

By Sarah Lizee

Olympia, Wash., July 11 – Credit Suisse AG, London Branch priced $1.08 million of buffered accelerated return equity securities due March 11, 2020 linked to a basket of funds, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of the iShares MSCI EAFE exchange-traded fund with a 60% weight and the iShares MSCI Emerging Markets exchange-traded fund with a 40% weight.

If the basket return is positive, the payout at maturity will be par plus 150% of the index return, subject to a maximum return of 17.25%.

Investors will receive par if the basket falls by 15% or less and will lose 1% for every 1% decline beyond 15%.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Buffered accelerated return equity securities
Underlying funds:	iShares MSCI EAFE, iShares MSCI Emerging Markets
Amount:	$1,075,000
Maturity:	March 11, 2020
Coupon:	0%
Price:	Par of $1,000
Payout at maturity:	If each basket return is positive, par plus 150% of return, subject to a maximum return of 17.25%; par if the basket falls by 15% or less; 1% loss for every 1% decline beyond 15%
Initial levels:	$67.58 for iShares MSCI EAFE, $43.41 for iShares MSCI Emerging Markets
Buffer level:	85% of initial basket level
Pricing date:	July 6
Settlement date:	July 11
Underwriter:	Credit Suisse Securities (USA) LLC
Fees:	None
Cusip:	22550BUJ0

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