New Issue: Credit Suisse sells $130,000 buffered notes linked to Disney

By Marisa Wong

Los Angeles, May 22 – Credit Suisse AG, London Branch priced $130,000 of 0% buffered notes due May 17, 2021 linked to the common stock of Walt Disney Co., according to a 424B2 filing with the Securities and Exchange Commission.

If the stock finishes at or above 85% of its initial value, the payout at maturity will be par of $10,000 plus 8.75%.

If the stock declines by more than 15%, investors will receive a number of shares of Disney stock equal to $10,000 divided by the buffer price or, at the issuer’s option, the cash equivalent.

J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA are placement agents.

Issuer:	Credit Suisse AG, London Branch
Issue:	Buffered notes
Underlying shares:	Walt Disney Co. (Symbol: DIS)
Amount:	$130,000
Maturity:	May 17, 2021
Coupon:	0%
Price:	Par of $10,000
Payout at maturity:	If stock finishes at or above 85% of initial value, par plus 8.75%; otherwise, number of Disney shares equal to $10,000 divided by buffer value or, at issuer’s option, cash equivalent
Initial value:	$112.25
Buffer value:	$95.41, 85% of initial value
Final value:	Average of closing share prices on five trading days ending May 12, 2021
Strike date:	April 29
Pricing date:	April 30
Settlement date:	May 5
Placement agents:	J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
Fees:	1%
Cusip:	22550MER6

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