New Issue: Credit Suisse prices $3.6 million review notes linked to Russell 2000 index

By Wendy Van Sickle

Columbus, Ohio, Feb. 10 – Credit Suisse AG, London Branch priced $3.6 million of 0% review notes due Feb. 12, 2024 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par plus a premium of 8.75% if the index closes at or above its initial level on Feb. 21, 2023.

If the notes are not called and the final level is greater than the initial level, the payout at maturity will be par plus 17.5%. If the index finishes below its initial level, investors will be fully exposed to the index’s decline.

J.P. Morgan Securities LLC is the placement agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Review notes
Underlying index:	Russell 2000 index
Amount:	$3.6 million
Maturity:	Feb. 12, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If final level is greater than knock-out level, par plus 17.5%; otherwise, full exposure to index’s decline
Call:	Automatically at par plus 8.75% if index closes at or above initial level on Feb. 21, 2023
Initial level:	2,012.599
Knock-out level:	1,308.189, 65% of initial level
Pricing date:	Feb. 7
Settlement date:	Feb. 11
Placement agent:	J.P. Morgan Securities LLC
Fees:	1.5%
Cusip:	22553PJ26

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