New Issue: Credit Suisse sells $1.72 million absolute return buffered securities on Nasdaq, Russell

By William Gullotti

Buffalo, N.Y., July 6 – Credit Suisse AG, London Branch priced $1.72 million of 0% absolute return buffered securities due Jan. 2, 2025 linked to the lowest performing of the Nasdaq-100 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 60%.

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 is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Absolute return buffered securities
Underlying indexes:	Nasdaq-100 index, Russell 2000 index
Amount:	$1.72 million
Maturity:	Jan. 2, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If each index gains, par plus return of worse performing index, capped at par plus 60%; 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:	12,008.24 for Nasdaq, 1,771.742 for Russell
Buffer levels:	10,207.004 for Nasdaq, 1,505.9807 for Russell; 85% of initial levels
Pricing date:	June 27
Settlement date:	June 30
Agent:	Credit Suisse Securities (USA) LLC
Fees:	2.75%
Cusip:	22553Q2X4

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