New Issue: Credit Suisse sells $672,000 absolute return barrier securities on Russell, Dow

By Wendy Van Sickle

Columbus, Ohio, May 11 – Credit Suisse AG, London Branch priced $672,000 of 0% absolute return barrier securities due Nov. 9, 2023 linked to the S&P 500 index, the Russell 2000 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 1.4 times the gain of the worst performing index.

If each index finishes at or above the 70% knock-in level, the payout will be par plus the absolute value of the worst performing index.

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

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Absolute return barrier securities
Underlying indexes:	S&P 500 index, Dow Jones industrial average and Russell 2000 index
Amount:	$672,000
Maturity:	Nov. 9, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If each index gains, par plus 1.4 times return of worst performing index; if each index finishes above knock-in level, par plus the absolute value of worst performing index; otherwise, full exposure to any losses of worst performing index
Initial levels:	2,842.47 for S&P, 1,263.969 for Russell, 23,749.76 for Dow
Knock-in levels:	1,989.918 for S&P 884.7783 for Russell, 16,624.832 for Dow, 70% of initial levels
Pricing date:	May 4
Settlement date:	May 7
Agent:	Credit Suisse Securities (USA) LLC
Fees:	0.45%
Cusip:	22552W2V6

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