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Published on 6/6/2019 in the Prospect News Structured Products Daily.

New Issue: Credit Suisse sells $15,000 buffered accelerated return notes on EAFE ETF

By Sarah Lizee

Olympia, Wash., June 6 – Credit Suisse AG, London Branch priced $15,000 of 0% buffered accelerated return equity securities due June 3, 2022 linked to the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the fund return is positive, the payout at maturity will be par plus 150% of the fund return, capped at par plus 30%.

Investors will receive par if the fund falls by 16.5% or less and will lose 1% for every 1% decline beyond 16.5%.

Credit Suisse Securities (USA) LLC and Incapital LLC are the agents.

Issuer:Credit Suisse AG, London Branch
Issue:Buffered accelerated return equity securities
Underlying fund:iShares MSCI EAFE ETF
Amount:$15,000
Maturity:June 3, 2022
Coupon:0%
Price:Par
Payout at maturity:If fund return is positive, par plus 150% of the fund return capped at par plus 30%; par if fund falls by 16.5% or less; 1% loss for every 1% decline beyond 16.5%
Initial level:$63.40
Buffer level:$52.939, 83.5% of initial level
Pricing date:May 31
Settlement date:June 5
Underwriter:Credit Suisse Securities (USA) LLC and Incapital LLC
Fees:0.8%
Cusip:22552FCH3

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