By Wendy Van Sickle
Columbus, Ohio, Sept. 18 – Credit Suisse AG, London Branch priced $3.05 million of 0% buffered accelerated return equity securities due June 17, 2021 linked to a basket of the iShares Russell 2000 ETF with a 40% weight and the SPDR S&P Midcap 400 ETF Trust with a 60% weight, according to a 424B2 filing with the Securities and Exchange Commission.
If the basket return is positive, the payout at maturity will be par plus 1.5 times the return of the basket up to 17.6%.
Investors will receive par if the basket falls by 15% or less and will lose 1% for every 1% that the basket declines beyond 15%.
Credit Suisse Securities (USA) LLC is the agent.
| Issuer: | Credit Suisse AG, London Branch
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| Issue: | Buffered accelerated return equity securities
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| Basket components: | iShares Russell 2000 ETF (40% weight) and SPDR S&P Midcap 400 ETF Trust (60% weight)
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| Amount: | $3.05 million
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| Maturity: | June 17, 2021
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the basket return is positive, par plus 1.5 times the return of the basket, up to 17.6%; investors will receive par if the basket falls by 15% or less and will lose 1% for every 1% that the basket declines beyond 15%
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| Initial levels: | $157.31 for Russell ETF and $358.51 for Midcap ETF
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| Pricing date: | Sept. 13
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| Settlement date: | Sept. 18
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| Underwriter: | Credit Suisse Securities (USA) LLC
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| Fees: | 0%
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| Cusip: | 22552FWL2
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