New Issue: Credit Suisse sells $63,000 accelerated barrier notes on S&P, Russell

By Wendy Van Sickle

Columbus, Ohio, Feb. 28 – Credit Suisse AG, London Branch priced $63,000 of 0% accelerated barrier notes due Feb. 29, 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 130% of the return of the worse performing index.

If either index falls but both indexes finish at or above 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 and Incapital LLC are the agents.

Issuer:	Credit Suisse AG, London Branch
Issue:	Accelerated barrier securities
Underlying indexes:	S&P 500 and Russell 2000
Amount:	$63,000
Maturity:	Feb. 29, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If each index finishes at or above its initial level, par plus 130% 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 levels:	2,796.11 for S&P and 1,588.805 for Russell
Knock-in levels:	1,398.055 for S&P and 794.4025 for Russell; 50% of initial levels
Pricing date:	Feb. 25
Settlement date:	Feb. 28
Agents:	Credit Suisse Securities (USA) LLC and Incapital LLC
Fees:	4.125%
Cusip:	22551LWH9

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