New Issue: Credit Suisse sells $2.2 million leveraged basket linked notes

By William Gullotti

Buffalo, N.Y., March 8 – Credit Suisse AG, London Branch priced $2.2 million of 0% leveraged notes due Aug. 31, 2023 linked to a weighted basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of the Euro Stoxx 50 index with a 36% weight, the Topix index with a 29% weight, the FTSE 100 index with a 16% weight, the Swiss Market index with an 11% weight and the S&P/ASX 200 index with a 8% weight.

If the basket gains or finishes flat, the payout at maturity will be par plus 1.655 times the basket gain.

Investors will be fully exposed to any basket decline.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Leveraged basket-linked notes
Underlying assets:	Euro Stoxx 50 index (36%), Topix index (29%), FTSE 100 index (16%), Swiss Market index (11%), S&P/ASX 200 index (8%)
Amount:	$2.2 million
Maturity:	Aug. 31, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If basket return is positive, par plus 1.655 times basket gain; otherwise, 1% loss for every 1% decline from initial level
Initial levels:	3,924.23 for Stoxx, 1,886.93 for Topix, 7,458.25 for FTSE, 11,986.78 for Swiss, 7,049.125 for S&P/ASX 200
Pricing date:	Feb. 28
Settlement date:	March 7
Agent:	Credit Suisse Securities (USA) LLC
Fees:	1.51%
Cusip:	22553PL49

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