New Issue: Credit Suisse sells $32.6 million accelerated return notes tied to financial stock basket

By William Gullotti

Buffalo, N.Y., Nov. 29 – Credit Suisse AG, London Branch priced $23.64 million of 0% Accelerated Return Notes due Jan. 27, 2023 linked to an equally-weighted stock basket, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of the common stocks of Goldman Sachs Group, Inc., JPMorgan Chase & Co. and Morgan Stanley, each with a weight of 33.33%.

The payout at maturity will be par of $10 plus triple any basket gain, up to a maximum return of 25.06%. Investors will be exposed to any basket decline.

BofA Securities, Inc. is the underwriter.

Issuer:	Credit Suisse AG, London Branch
Issue:	Accelerated Return Notes
Underlying stocks:	Goldman Sachs Group, Inc., JPMorgan Chase & Co., Morgan Stanley; each with 33.33% weight
Amount:	$32,597,180
Maturity:	Jan. 27, 2023
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus three times any basket gain, up to a maximum return of 25.06%; lose 1% for every 1% of basket decline from initial level
Initial stock levels:	$406.34 for Goldman Sachs, $168.28 for JPMorgan, $101.86 for Morgan Stanley
Pricing date:	Nov. 23
Settlement date:	Dec. 1
Underwriter:	BofA Securities, Inc.
Fees:	1.75%
Cusip:	22550J460

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