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Published on 7/3/2019 in the Prospect News Structured Products Daily.

New Issue: Credit Suisse sells $110,000 buffered accelerated return notes on EAFE ETF

By Kiku Steinfeld

Chicago, July 3– Credit Suisse AG, London Branch priced $110,000 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 closes at or above its initial level, the payout at maturity will be par plus 150% of the fund return, capped at par plus 24%.

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

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:$110,000
Maturity:June 3, 2022
Coupon:0%
Price:Par
Payout at maturity:If the fund closes at or above its initial level, par plus 150% of the fund return capped at par plus 24%; par if fund falls by 15% or less; 1% loss for every 1% decline beyond 15%
Initial level:$64.15
Buffer level:54.5275, 85% of initial level
Pricing date:May 28
Settlement date:May 31
Underwriter:Credit Suisse Securities (USA) LLC and Incapital LLC
Fees:2.8%
Cusip:22552FBG6

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