New Issue: Credit Suisse sells $3 million buffered return enhanced notes on S&P 500

By Wendy Van Sickle

Columbus, Ohio, Sept. 26 – Credit Suisse AG, London Branch priced $3 million of 0% buffered return enhanced notes due Sept. 24, 2020 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 1.1 times any index gain, up to a maximum return of 34.17%.

Investors will receive par if the index falls by up to 15% and will lose 1.176% for each 1% decline beyond 15%.

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

Issuer:	Credit Suisse AG, London Branch
Issue:	Buffered return enhanced notes
Underlying index:	S&P 500 index
Amount:	$3 million
Maturity:	Sept. 24, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.1 times any index gain, up to a maximum return of 34.17%; par if the index falls by up to 15%; 1.176% loss for each 1% decline beyond 15%
Initial level:	2,508.24
Final level:	Average of closing levels on five averaging dates ending Sept. 21, 2020
Pricing date:	Sept. 21
Settlement date:	Sept. 26
Agents:	JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
Fees:	2%
Cusip:	22550BJD6

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