New Issue: Credit Suisse sells $1.7 million Bares linked to Euro Stoxx index, two ETFs

By Wendy Van Sickle

Columbus, Ohio, Aug. 25 – Credit Suisse AG, London Branch priced $1.7 million of 2% Buffered Accelerated Return Equity Securities due Aug. 26, 2021 linked to an equally weighted basket of one index and two exchange-traded funds, according to a 424B2 filing with the Securities and Exchange Commission.

The basket components are the Euro Stoxx 50 index, the iShares MSCI Emerging Markets ETF and the SPDR S&P Oil & Gas Exploration & Production ETF.

Interest will be paid semiannually.

If the basket return is positive, the payout at maturity will be par plus 132.5% of the basket gain. Investors will receive par if the basket falls by up to 15% and will lose 1.1765% for every 1% decline beyond the 15% buffer.

Credit Suisse Securities (USA) LLC is the underwriter.

Issuer:	Credit Suisse AG, London Branch
Issue:	Buffered Accelerated Return Equity Securities
Underlying basket:	Euro Stoxx 50 index, iShares MSCI Emerging Markets ETF and SPDR S&P Oil & Gas Exploration & Production ETF, equal weights
Amount:	$1.7 million
Maturity:	Aug. 26, 2021
Coupon:	2%, payable semiannually
Price:	Par
Payout at maturity:	If the basket return is positive, par plus 132.5% of the basket gain; par if the basket falls by up to 15%; 1.1765% loss for every 1% decline beyond the 15% buffer
Initial levels:	3,455.59 for index, $44.32 for Emerging Markets ETF, $29.34 for Oil & Gas ETF
Pricing date:	Aug. 22
Settlement date:	Aug. 25
Agent:	Credit Suisse Securities (USA) LLC
Fees:	0%
Cusip:	22550BFN8

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