New Issue: Credit Suisse prices $5.63 million buffered notes tied to EM ETF

By Sarah Lizee

Olympia, Wash., April 3 – Credit Suisse AG, London Branch priced $5.63 million of 0% buffered notes due April 16, 2020 linked to the iShares MSCI Emerging Markets ETF, according to a 424B2 filing with the Securities and Exchange Commission.

If the ETF gains, the payout at maturity will be par plus the return, capped at par plus 16.2%.

If the ETF remains flat or falls by up to 10%, the payout will be par.

Otherwise, investors will lose 1.1111% for each 1% decline of the ETF beyond the buffer.

J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA are placement agents.

Issuer:	Credit Suisse AG, London Branch
Issue:	Buffered notes
Underlying ETF:	iShares MSCI Emerging Markets ETF
Amount:	$5.63 million
Maturity:	April 16, 2020
Coupon:	0%
Price:	Par of $1,000
Payout at maturity:	If the ETF gains, par plus the return, capped at par plus 16.2%; if the ETF remains flat or falls by up to 10%, par; otherwise, 1.1111% loss for each 1% decline of the ETF beyond the buffer
Initial level:	$42.92
Buffer level:	$38.63, 90% of initial level
Pricing date:	March 29
Settlement date:	April 3
Placement agents:	J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
Fees:	1%
Cusip:	22552F4V1

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