By Susanna Moon
Chicago, Dec. 31 – Credit Suisse AG, London Branch priced $3.3 million of 0% Buffered Accelerated Return Equity Securities due Jan. 3, 2020 linked to a basket of one index and one fund, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the S&P 500 with an 80% weight and the iShares MSCI EAFE ETF with a 20% weight.
If the basket finishes at or above its initial level, the payout at maturity will be par plus 102.5% of the return.
Investors will receive par if the basket falls by up to 20% and lose 1% for every 1% decline beyond 20%.
Credit Suisse Securities (USA) LLC is the underwriter.
| Issuer: | Credit Suisse AG, London Branch
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| Issue: | Buffered Accelerated Return Equity Securities
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| Underlying basket: | S&P 500 (80% weight), iShares MSCI EAFE ETF (20% weight)
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| Amount: | $3.5 million
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| Maturity: | Jan. 3, 2020
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 102.5% of any basket gain; par if basket falls by up to 20%; 1% loss per 1% drop beyond 20%
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| Initial levels: | 2,080.35 for S&P, $61.22 for EAFE fund
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| Pricing date: | Dec. 30
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| Settlement date: | Dec. 31
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| Underwriters: | Credit Suisse Securities (USA) LLC
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| Fees: | 2.75%
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| Cusip: | 22547QXJ0
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