New Issue: Credit Suisse prices $1.42 million absolute return buffered notes on Russell, Nasdaq

By Kiku Steinfeld

Chicago, Sept. 8 – Credit Suisse AG, London Branch priced $1.42 million of 0% absolute return buffered securities due July 31, 2024 linked to the Nasdaq-100 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the laggard index’s final level is greater than its initial level, the payout at maturity will be par plus the lesser of the laggard index’s return and 23%.

If the laggard index’s final level is less than its initial level by up to 15%, the payout will be par plus the absolute value of that index’s return.

Otherwise, investors will be exposed to the laggard index’s decline beyond 15%.

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

Issuer:	Credit Suisse AG, London Branch
Issue:	Absolute return buffered securities
Underlying indexes:	Nasdaq-100 and Russell 2000
Amount:	$1,421,000
Maturity:	July 31, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If laggard index’s final level is greater than initial level, par plus lesser of laggard index return and 23%; if laggard index’s final level is less than initial level by up to 15%, par plus absolute value of that return; otherwise, exposure to laggard index’s decline beyond 15%
Initial index levels:	14,172.76 for Nasdaq, 1,976.464 for Russell
Buffer levels:	12,046.846 for Nasdaq, 1,679.9944 for Russell, 85% of initial levels
Pricing date:	Jan. 26, 2022
Settlement date:	Jan. 31, 2022
Agents:	Credit Suisse Securities (USA) LLC and Incapital LLC
Fees:	3%
Cusip:	22553PDT3

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