New Issue: Credit Suisse prices $775,000 accelerated barrier notes linked to Nasdaq-100 index

By Angela McDaniels

Tacoma, Wash., Aug. 4 – Credit Suisse AG, London Branch priced $775,000 of 0% accelerated barrier notes due Sept. 13, 2027 linked to the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is greater than the initial index level, the payout at maturity will be par plus 202% of the index return, subject to a maximum payment of $2,000 per $1,000 principal amount of notes. If the index declines but finishes at or above the knock-in level, 75% of the initial level, the payout will be par. Otherwise, investors will be exposed to the index’s decline from its initial level.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Accelerated barrier notes
Underlying index:	Nasdaq-100 index
Amount:	$775,000
Maturity:	Sept. 13, 2027
Coupon:	0%
Price:	Par
Payout at maturity:	If final index level is greater than initial index level, par plus 202% of index return, subject to maximum return of 100%; if index declines but finishes at or above knock-in level, par; otherwise, exposure to index’s decline from initial level
Initial level:	12,321.19
Knock-in level:	9,240.8925, or 75% of initial level
Pricing date:	Sept. 8, 2022
Settlement date:	Sept. 13, 2022
Agent:	Credit Suisse Securities (USA) LLC
Fees:	0.75%
Cusip:	22553QKJ5

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