By Wendy Van Sickle
Columbus, Ohio, Jan. 24 – Credit Suisse AG, London Branch priced $1 million of 0% accelerated barrier notes due Jan. 24, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is greater than or equal to the initial level, the payout at maturity will be par plus 148% of the index gain.
If the final index level is less than the initial index level but greater than the knock-in level, 70% of the initial index level, the payout will be par.
If the final index level is less than or equal to the knock-in level, investors will be fully exposed to the index’s decline.
Credit Suisse Securities (USA) LLC is the agent.
| Issuer: | Credit Suisse AG, London Branch
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| Issue: | Accelerated barrier notes
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| Underlying index: | S&P 500 index
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| Amount: | $1 million
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| Maturity: | Jan. 24, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the final index level is greater than or equal to the initial index level, par plus 148% of the index gain; if the final index level is less than the initial index level but greater than the knock-in level, par; otherwise, investors will be fully exposed to the index’s decline
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| Initial level: | 2,810.30
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| Knock-in level: | 1,967.21, 70% of initial level
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| Pricing date: | Jan. 19
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| Settlement date: | Jan. 24
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| Agent: | Credit Suisse Securities (USA) LLC
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| Fees: | 3%
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| Cusip: | 22550W6E2
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