New Issue: Credit Suisse prices $11.18 million absolute return barrier notes tied to S&P 500

By Marisa Wong

Morgantown, W.Va., Aug. 10 – Credit Suisse AG, London Branch priced $11.18 million of 0% absolute return barrier securities due Aug. 9, 2018 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 145% of any index gain, subject to a maximum return of 40%.

If the index falls by up to 10%, the payout will be par plus the absolute value of the index return.

If the index falls by more than 10%, investors will lose 1.1111% for every 1% decline beyond the 10% buffer.

Credit Suisse Securities (USA) LLC is the underwriter.

Issuer:	Credit Suisse AG, London Branch
Issue:	Absolute return barrier securities
Underlying index:	S&P 500
Amount:	$11,179,000
Maturity:	Aug. 9, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	If index gains, par plus 145% of return, up to underlying return cap of 40%; if index falls by up to 10%, par plus absolute value of return; otherwise, 1.1111% loss for every 1% drop beyond buffer
Initial index level:	2,099.84
Pricing date:	Aug. 6
Settlement date:	Aug. 11
Underwriter:	Credit Suisse Securities (USA) LLC
Fees:	1%
Cusip:	22546VJS6

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