New Issue: Credit Suisse prices $948,000 one-year Bares linked to S&P 500

By Susanna Moon

Chicago, July 31 – Credit Suisse AG, London Branch priced $948,000 of 0% Buffered Accelerated Return Equity Securities due May 1, 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 120% of any index gain, up to underlying return of 51.5%.

Investors will receive par if the index falls by up to 20% and lose 1% for every 1% decline beyond 20%.

Credit Suisse Securities (USA) LLC is the underwriter.

Issuer:	Credit Suisse AG, London Branch
Issue:	Buffered Accelerated Return Equity Securities
Underlying index:	S&P 500
Amount:	$948,000
Maturity:	May 1, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 120% of any index gain, with 51.5% underlying cap; if index falls by up to 20%, par; otherwise, exposure to any losses beyond 20%
Initial level:	2,093.25
Pricing date:	July 28
Settlement date:	July 31
Agent:	Credit Suisse Securities (USA) LLC
Fees:	3%
Cusip:	22546VGM2

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