New Issue: Credit Suisse sells $408,000 absolute return buffered securities on S&P, Russell

By Taylor Fox

New York, Feb. 1 – Credit Suisse AG, London Branch priced $408,000 of 0% absolute return buffered securities due July 3, 2023 linked to the lowest performing of 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 the initial level, the payout at maturity will be par plus the return of the worse performing index, capped at par plus 10.5%.

If each index finishes at or above the 85% buffer level, the payout will be par plus the absolute value of the return of the worse performing index.

Otherwise, investors will lose 1% for each 1% decline of the least performing index beyond the 15% buffer.

Credit Suisse Securities (USA) LLC and Incapital LLC are the agents.

Issuer:	Credit Suisse AG, London Branch
Issue:	Absolute return buffered securities
Underlying indexes:	S&P 500 and Russell 2000
Amount:	$408,000
Maturity:	July 3, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If each index gains, par plus return of worse performing index, capped at par plus 10.5%; if each index finishes at or above buffer level, par plus the absolute value of return of worse performing index; otherwise, exposure to any losses of worse performing index beyond 15%
Initial levels:	3,735.36 for S&P, 1,996.25 for Russell
Buffer levels:	3,175.056 for S&P and 1,696.8125 for Russell, 85% of initial levels
Pricing date:	Dec. 28
Settlement date:	Dec. 31
Agents:	Credit Suisse Securities (USA) LLC and Incapital LLC
Fees:	3%
Cusip:	22552WVZ5

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