New Issue: Credit Suisse sells $1.57 million Accelerated Return Equity notes on SPDR Gold

By Taylor Fox

New York, Jan. 19 – Credit Suisse AG, London Branch priced $1.57 million of 0% Accelerated Return Equity Securities due Dec. 22, 2022 linked to the SPDR Gold Trust, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus double any fund gain, up to a maximum return of par plus 24%.

Investors will be exposed to any losses.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Accelerated Return Equity Securities
Underlying fund:	SPDR Gold Trust
Amount:	$1,565,000
Maturity:	Dec. 22, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 200% of any fund gain, capped at par plus 24%; full exposure to losses
Initial price:	$176.74
Pricing date:	Dec. 17
Settlement date:	Dec. 22
Agent:	Credit Suisse Securities (USA) LLC
Fees:	2.25%
Cusip:	22552WWS0

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