New Issue: Credit Suisse sells $1.07 million absolute return barrier notes tied to fund, Russell

By Susanna Moon

Chicago, March 15 – Credit Suisse AG, London Branch priced $1.07 million of 0% absolute return barrier securities due Aug. 29, 2019 linked to the least performing of the Russell 2000 index and the PowerShares QQQ Trust, series 1, according to a 424B2 filing with the Securities and Exchange Commission.

If each underlying asset finishes at or above its initial level, the payout at maturity will be par plus the gain of the worse performing asset up to an underlying cap of 18.1%.

If either asset falls by up to the 75% knock-in level, the payout will be par plus the absolute value of the return of the worse performing asset.

Otherwise, investors will lose 1% for each 1% decline of the worse performing index or fund.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Absolute return barrier securities
Underlying indexes:	PowerShares QQQ Trust, series 1, and Russell 2000
Amount:	$1,065,000
Maturity:	Aug. 29, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	If each index gains, par plus return of worse performing asset capped at 18.1%; if either index falls by up to 25%, par plus absolute return of worse performing asset; otherwise, 1% loss for each 1% decline of worse performing index or fund
Initial levels:	$170.40 for fund and 1,559.332 for Russell
Knock-in levels:	75% of initial levels
Pricing date:	Feb. 26
Settlement date:	March 1
Agent:	Credit Suisse Securities (USA) LLC
Fees:	0.6%
Cusip:	22550WDA2

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