New Issue: Credit Suisse sells $1.19 million absolute return barrier securities on S&P 500

By Kiku Steinfeld

Chicago, Nov. 21 – Credit Suisse AG, London Branch priced $1.19 million of 0% absolute return barrier securities due Sept. 23, 2026 linked to the performance of the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes at or above the initial level, the payout at maturity will be par plus 120% of the gain capped at 80%.

If the index declines but finishes at or above the 75% barrier level, the payout will be par plus the absolute value of the return. Otherwise, investors will lose 1% for each 1% decline of the index from its initial level.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Absolute return barrier securities
Underlying index:	S&P 500 index
Amount:	$1,185,000
Maturity:	Sept. 23, 2026
Coupon:	0%
Price:	Par
Payout at maturity:	If the index gains, par plus 120% of return, subject to a maximum payout of par plus 80%; if the index declines but finishes at or above barrier level, par plus the absolute value of the return; otherwise, full exposure to decline
Initial level:	4463.12
Barrier level:	3347.34; 75% of initial levels
Pricing date:	March 18, 2022
Settlement date:	March 23, 2022
Agent:	Credit Suisse Securities (USA) LLC
Fees:	0.65%
Cusip:	22553PLF4

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