New Issue: Credit Suisse sells $802,000 accelerated barrier notes on S&P, Russell

By Sarah Lizee

Olympia, Wash., Feb. 5 – Credit Suisse AG, London Branch priced $802,000 of 0% accelerated barrier notes due Feb. 2, 2024 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each index finishes at or above its initial level, the payout at maturity will be par plus 190.5% of the return of the worse performing index.

If either index falls but both indexes finish at or above the 70% 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 agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Accelerated barrier securities
Underlying indexes:	S&P 500 and Russell 2000
Amount:	$802,000
Maturity:	Feb. 2, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If each index finishes at or above its initial level, par plus 190.5% of the return of the worse performing index; if either index falls but both indexes finish at or above the knock-in level, par; otherwise, investors will be fully exposed to the decline of the worse performing index
Initial index levels:	2,681.05 for S&P, 1,486.942 for Russell
Knock-in levels:	1,876.735 for S&P, 1,040.8594 for Russell, 70% of initial levels
Pricing date:	Jan. 30
Settlement date:	Feb. 4
Agent:	Credit Suisse Securities (USA) LLC
Fees:	0.5%
Cusip:	22551LUE8

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