New Issue: Credit Suisse sells $3.02 million accelerated barrier notes on Dow, Russell

By Wendy Van Sickle

Columbus, Ohio, Aug. 10 – Credit Suisse AG, London Branch priced $3.02 million of 0% accelerated barrier notes due Aug. 3, 2022 linked to the Dow Jones industrial average and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each index is finishes at or above its initial level, the payout at maturity will be par plus 165% of the return of the worse performing index.

If either the index falls by up the 50% knock-in level, the payout will be par.

Otherwise, investors will be fully exposed to the decline of the worse performing index.

Credit Suisse Securities (USA) LLC is the underwriter.

Issuer:	Credit Suisse AG, London Branch
Issue:	Accelerated barrier notes
Underlying indexes:	Dow Jones industrial average and Russell 2000
Amount:	$3,024,000
Maturity:	Aug. 3, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If each index gains, par plus 165% of return of worse performing index; if either index falls by up 50% knock-in, par; otherwise, full exposure to losses of worse performing index
Initial index levels:	21,891.120 for Dow and 1,425.144 for Russell
Knock-in levels:	10,945.56 for Dow and 712.572 for Russell; 50% of initial levels
Pricing date:	July 31
Settlement date:	Aug. 3
Agent:	Credit Suisse Securities (USA) LLC
Fees:	0.7%
Cusip:	22550BBY8

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