New Issue: Credit Suisse sells $1.2 million buffered accelerated return notes on Invesco QQQ

By Wendy Van Sickle

Columbus, Ohio, Dec. 14 – Credit Suisse AG, London Branch priced $1.2 million of 0% buffered accelerated return equity securities due Dec. 24, 2020 linked to the Invesco QQQ Trust, series 1, according to a 424B2 filing with the Securities and Exchange Commission.

If the fund return is positive, the payout at maturity will be par plus 125% of the fund return up to a 23.1% cap.

Investors will receive par if the fund falls by 15% or less and will lose 1% for every 1% decline beyond 15%.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Buffered accelerated return equity securities
Underlying fund:	Invesco QQQ Trust, Series 1
Amount:	$1,204,000
Maturity:	Dec. 24, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If fund return is positive, par plus 125% of the fund return up to a 23.1% cap; par if fund falls by15% or less; 1% loss for every 1% decline beyond 15%
Initial level:	$152.29
Buffer level:	$129.4465, 85% of initial level
Pricing date:	Dec. 20
Settlement date:	Dec. 26
Underwriter:	Credit Suisse Securities (USA) LLC
Fees:	0.8%
Cusip:	22551LPM6

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