New Issue: Credit Suisse sells $512,000 accelerated barrier notes on index, ETF

By Wendy Van Sickle

Columbus, Ohio, Sept. 5 – Credit Suisse AG, London Branch priced $512,000 of 0% accelerated barrier notes due Sept. 5, 2024 linked to the lowest performing of the Hang Seng index and the iShares MSCI Emerging Markets ETF, according to a 424B2 filing with the Securities and Exchange Commission.

If each asset finishes at or above its initial level, the payout at maturity will be par plus 217.5% of the return of the lesser performing asset.

If either asset falls but neither finishes below its 60% knock-in level, the payout will be par.

Otherwise, investors will be fully exposed to the decline of the lesser performing asset.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Accelerated barrier notes
Underlying assets:	Hang Seng index and iShares MSCI Emerging Markets ETF
Amount:	$512,000
Maturity:	Sept. 5, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If lesser performing asset finishes at or above its initial price, par plus 217.5% of that asset’s return; if lesser performing asset falls by up to 60%, par; otherwise, full exposure to decline of lesser performing asset
Initial prices:	$40.19 for ETF, 25,724.73 for index
Knock-in prices:	$24.114 for ETF, 15,434.838 for index; 60% of initial prices
Pricing date:	Aug. 30
Settlement date:	Sept. 5
Agent:	Credit Suisse Securities (USA) LLC
Fees:	3%
Cusip:	22552FS78

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