New Issue: Credit Suisse sells $1.3 million absolute return barrier notes on basket

By Kiku Steinfeld

Chicago, Feb. 25 – Credit Suisse AG, London Branch priced $1.3 million of 0% absolute return barrier notes due Feb. 20, 2026 linked to a basket consisting of the iShares MSCI Emerging Markets ETF with a 15% weight, the iShares MSCI EAFE ETF with a 15% weight, the S&P 500 index with a 35% weight and the Russell 2000 index with a 35% weight, according to a 424B2 filing with the Securities and Exchange Commission.

If the basket finishes at or above the initial level, the payout at maturity will be par plus 30%.

If the basket falls by up to 30%, the payout will be par plus 50% of the absolute value of the return.

Otherwise, investors will lose 1% for each 1% decline below the initial level.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Absolute return barrier notes
Underlying components:	iShares MSCI Emerging Markets ETF (15% weight), iShares MSCI EAFE ETF (15% weight), S&P 500 index (35% weight), Russell 2000 index (35% weight)
Amount:	$1,300,000
Maturity:	Feb. 20, 2026
Coupon:	0%
Price:	Par
Payout at maturity:	If basket finishes at or above initial level, par plus 30%; if basket falls by up to 30%, par plus 50% of absolute value of basket return; otherwise, 1% loss per 1% decline below initial level
Initial basket level:	2272.891 for Russell, 3932.59 for S&P and $57.94 for EM, for $76.86 EAFE
Barrier level:	70% of initial level
Pricing date:	Feb. 16
Settlement date:	Feb. 19
Agent:	Credit Suisse Securities (USA) LLC
Fees:	1.125%
Cusip:	22552XC68

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