New Issue: Credit Suisse sells $135,000 accelerated barrier notes on S&P, Russell

By Kiku Steinfeld

Chicago, June 17 – Credit Suisse AG, London Branch priced $135,000 of 0% accelerated barrier notes due June 8, 2023 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 120% 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:	$135,000
Maturity:	June 8, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If each index finishes at or above its initial level, par plus 120% 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:	3112.35 for S&P and 1452.063 for Russell
Knock-in levels:	2178.645 for S&P and 1016.4441 for Russell; 70% of initial levels
Pricing date:	June 4
Settlement date:	June 9
Agent:	Credit Suisse Securities (USA) LLC
Fees:	1%
Cusip:	22552W5L5

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