New Issue: Credit Suisse sells $20 million review notes on S&P, Russell

By Wendy Van Sickle

Columbus, Ohio, Feb. 16 – Credit Suisse AG, London Branch priced $20 million of 0% review notes due Feb. 15, 2024 linked to the least performing of the S&P 500 index and Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par plus an annualized call premium of 9% if each asset closes at or above its initial level on Feb. 23, 2023 or above 70% of the initial level on the final review date.

If the notes are not called, investors will be fully exposed to any losses of the worst performing asset.

J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA are the placement agents.

Issuer:	Credit Suisse AG, London Branch
Issue:	Review notes
Underlying assets:	S&P 500 index, Russell 2000 index
Amount:	$20 million
Maturity:	Feb. 15, 2024
Coupon:	0%
Price:	Par
Call:	At par plus 9% per year if each asset closes at or above initial level on Feb. 23, 2023 or 70% of initial level on the final date
Payout at maturity:	If not called, 1% loss for each 1% decline of worst performing asset
Initial levels:	4,502.05 for S&P, 2,049.1 for Russell
Final call levels:	3,151.44 for S&P, 1,434.37 for Russell, 70% of initial levels
Final price:	For each asset, average of the closing share prices of that asset for each of the five trading days ending Feb. 12, 2024
Pricing date:	Feb. 11
Settlement date:	Feb. 16
Agents:	J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
Fees:	0.45%
Cusip:	22553PJT7

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