New Issue: Credit Suisse sells $1.25 million leveraged market-linked notes on S&P

By Kiku Steinfeld

Chicago, June 21 – Credit Suisse AG, London Branch priced $1.25 million of 0% market-linked securities – leveraged upside participation to a cap and fixed percentage buffered downside due Dec. 2, 2027 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 112.6% of any gain in the index.

If the index falls but not beyond 25%, the payout will be par.

Otherwise, investors will lose 1% for each 1% decline of the index.

Wells Fargo Securities, LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Market-linked securities – leveraged upside participation to a cap and fixed percentage buffered downside
Underlying index:	S&P 500
Amount:	$1,247,000
Maturity:	Dec. 2, 2027
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 112.6% of any gain index; par if index falls by up to 25%; otherwise, 1% loss for every 1% decline of index
Initial level:	4655.27
Buffer level:	3491.4525; 75% of initial level
Pricing date:	Nov. 29, 2021
Settlement date:	Dec. 1, 2021
Agent:	Wells Fargo Securities LLC
Fees:	3.82%
Cusip:	22552XZX4

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