New Issue: Credit Suisse sells $300,000 buffered notes tied to EOG Resources stock

By Marisa Wong

Morgantown, W.Va., May 7 – Credit Suisse AG, London Branch priced $300,000 of 0% buffered notes due May 5, 2020 linked to the common stock of EOG Resources, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

If the final share price is greater than or equal to 85% of the initial share price, the payout at maturity will be par plus 11.2%. Otherwise, investors will lose 1.17647% for each 1% share price decline beyond the 15% buffer.

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

Issuer:	Credit Suisse AG, London Branch
Issue:	Buffered notes
Underlying stock:	EOG Resources, Inc. (Symbol: EOG)
Amount:	$300,000
Maturity:	May 5, 2020
Coupon:	0%
Price:	Par of $1,000
Payout at maturity:	If the final price is greater than or equal to the buffer level, par plus 11.2%; otherwise, 1.17647% loss for each 1% share price decline beyond 15%
Initial price:	$103.87
Buffer level:	$88.29, 85% of initial price
Final price:	Average of closing share prices on five trading days ending April 30, 2020
Pricing date:	April 18
Settlement date:	April 25
Placement agents:	J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
Fees:	1%
Cusip:	22552FB68

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