New Issue: Credit Suisse sells $1.74 million Bares linked to equally-weighted basket of tech stocks

By William Gullotti

Buffalo, N.Y., Aug. 19 – Credit Suisse AG, London Branch priced $1.74 million of 0% Buffered Accelerated Return Equity Securities due Aug. 20, 2025 linked to an equally-weighted basket of stocks, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of Apple Inc., Amazon.com, Inc. and Alphabet Inc.

If the basket finishes at or above its initial level, the payout at maturity will be par plus 1.5 times the return of the basket, capped at par plus 68%.

Investors will receive par if the basket falls by 10% or less and will lose 1% for every 1% that the basket declines beyond 10%.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Buffered Accelerated Return Equity Securities
Underlying basket:	Apple Inc., Amazon.com, Inc., Alphabet Inc.; equal weights
Amount:	$1,736,000
Maturity:	Aug. 20, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If the basket finishes at or above its initial level, the payout at maturity will be par plus 1.5 times the return of the basket, capped at par plus 68%; investors will receive par if basket falls by 10% or less and will lose 1% for every 1% that the basket declines beyond 10%
Initial levels:	$168.49 for Apple, $140.64 for Amazon, $119.82 for Alphabet
Buffer level:	90% of initial basket level
Strike date:	Aug. 11
Pricing date:	Aug. 15
Settlement date:	Aug. 18
Agent:	Credit Suisse Securities (USA) LLC
Fees:	None
Cusip:	22553QGU5

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