New Issue: Credit Suisse sells $785,000 absolute return barrier notes on S&P, Dow

Chicago, May 13 – Credit Suisse AG, London Branch priced $785,000 of 0% absolute return barrier securities due May 3, 2023 linked to the S&P 500 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

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

If either index declines but finishes at or above the 73% knock-in level, the payout will be par plus the absolute value of the worse performing index.

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

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Absolute return barrier securities
Underlying indexes:	Dow Jones industrial average and S&P 500
Amount:	$785,000
Maturity:	May 3, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If each index gains, par plus the return of worse performing index; if either index declines but finishes above knock-in level, par plus the absolute value of worse performing index; otherwise, full exposure to any losses of worse performing index
Initial index levels:	24101.55 for Dow and 2863.39 for S&P
Knock-in levels:	2090.2747 for Dow and 17594.1315 for S&P, 73% of initial levels
Pricing date:	April 28
Settlement date:	May 1
Agent:	Credit Suisse Securities (USA) LLC
Fees:	1.2%
Cusip:	22551NZK5

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