By Wendy Van Sickle
Columbus, Ohio, Jan. 3 – Credit Suisse AG, London Branch priced $1.3 million of 0% Buffered Accelerated Return Equity Securities due Jan. 15, 2020 linked to a basket of two exchange-traded funds, according to a 424B2 filing with the Securities and Exchange Commission.
The basket is comprised of the SPDR S&P Midcap 400 ETF and the iShares Russell 2000 ETF, each with 50% weights.
If the basket return is positive, the payout at maturity will be par plus 200% of the return up to a maximum gain of 23%.
If the final basket level falls by up to 10%, the payout will be par. Investors will be exposed to any basket decline beyond 10%.
Credit Suisse Securities (USA) LLC is the underwriter.
| Issuer: | Credit Suisse AG, London Branch
|
| Issue: | Buffered Accelerated Return Equity Securities
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| Underlying basket: | SPDR S&P Midcap 400 ETF and iShares Russell 2000 ETF
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| Amount: | $1,302,000
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| Maturity: | Jan. 15, 2020
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If the final basket level is positive, par plus 2 times gain, capped at 23% gain; par if basket falls by up to 10%; exposure to any basket decline beyond 10%
|
| Initial component levels: | $345.94 for Midcap, $153.19 for Russell
|
| Pricing date: | Dec. 22
|
| Settlement date: | Dec. 28
|
| Underwriter: | Credit Suisse Securities (USA) LLC
|
| Fees: | None
|
| Cusip: | 22550BT37
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