New Issue: Credit Suisse prices $1.18 million ARES linked to S&P 500

By William Gullotti

Buffalo, N.Y., Sept. 7 – Credit Suisse AG, London Branch priced $1.18 million of Accelerated Return Equity Securities due March 5, 2025 linked to the performance of the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes at or above its initial level, the payout at maturity will be par plus 200% of the gain, subject to a maximum payout of par plus 39.65%.

Investors will be fully exposed to any index decline.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Accelerated Return Equity Securities
Underlying index:	S&P 500 index
Amount:	$1,179,000
Maturity:	March 5, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 200% of the gain of the index, capped at par plus 39.65%; otherwise, full exposure to decline of index from its initial level
Initial level:	3,955.0
Pricing date:	Aug. 31
Settlement date:	Sept. 6
Agent:	Credit Suisse Securities (USA) LLC
Fees:	3.25%
Cusip:	22553QJH1

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