New Issue: Credit Suisse sells $888,000 buffered accelerated return notes on S&P 500

By Wendy Van Sickle

Columbus, Ohio, Dec. 4 – Credit Suisse AG, London Branch priced $888,000 of 0% buffered accelerated return equity securities due May 28, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus 150% of the index return, capped at par plus 9%.

Investors will receive par if the index falls by 10% or less and will lose 1% for every 1% decline beyond 10%.

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

Issuer:	Credit Suisse AG, London Branch
Issue:	Buffered accelerated return equity securities
Underlying index:	S&P 500
Amount:	$888,000
Maturity:	May 28, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus 150% of index return capped at par plus 9%; par if index declines by 10% or less; 1% loss for every 1% index declines beyond 10%
Initial index level:	3,133.64
Buffer level:	2,820.276, 90% of initial level
Pricing date:	Nov. 25
Settlement date:	Nov. 29
Underwriters:	Credit Suisse Securities (USA) LLC and Incapital LLC
Fees:	2.35%
Cusip:	22551N5E2

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