New Issue: Credit Suisse sells $964,240 trigger absolute return step notes on S&P 500

Chicago, May 22 – Credit Suisse AG, London Branch priced $964,240 of 0% trigger absolute return step securities due June 30, 2027 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 its initial level, the payout at maturity will be the greater of par plus 56% and par plus the index return.

If the index declines but finishes at or above the downside threshold level, 75% of the initial index level, the payout will be par plus the absolute value of index’s return.

Otherwise, investors will lose 1% for every 1% decline of the index from its initial level.

Credit Suisse Securities (USA) LLC and UBS Financial Services Inc. are the agents.

Issuer:	Credit Suisse AG, London Branch
Issue:	Trigger absolute return step securities
Underlying index:	S&P 500 index
Amount:	$964,240
Maturity:	June 30, 2027
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If the index finishes at or above initial level, the greater of par plus 56% and par plus the return; if the index declines but finishes at or above downside threshold, par plus the absolute value of the return; otherwise, 1% loss for every 1% decline from initial level
Initial level:	3900.11
Downside threshold:	2925.08; 75% of initial index level
Pricing date:	June 27, 2022
Settlement date:	June 30, 2022
Agents:	Credit Suisse Securities (USA) LLC and UBS Financial Services Inc.
Fees:	0%
Cusip:	22552K135

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