New Issue: Credit Suisse sells $1.35 million buffered return enhanced notes linked to QQQ

Chicago, Nov. 17 – Credit Suisse AG, London Branch priced $1.35 million of 0% buffered return enhanced notes due March 20, 2023 linked to the Invesco QQQ Trust, Series 1, according to a 424B2 filing with the Securities and Exchange Commission.

If the ETF return is positive, the payout at maturity will be par plus 200% of the ETF return, capped at 13.8%.

Investors will receive par if the ETF declines by 10% or less and will lose 1.1111% for every 1% that the ETF declines beyond 10%.

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

Issuer:	Credit Suisse AG, London Branch
Issue:	Buffered return enhanced notes
Underlying ETF:	Invesco QQQ Trust, Series 1
Amount:	$1,350,000
Maturity:	March 20, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 200% of any ETF gain, subject to a maximum payout of par plus 13.8%; par if ETF declines by 10% or less; otherwise, 1.1111% loss for every 1% that ETF declines beyond 10%
Initial level:	$342.26
Buffer level:	$308.03; 90% of initial level
Pricing date:	March 3
Settlement date:	March 8
Agents:	J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
Fees:	1%
Cusip:	22553PMJ5

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