New Issue: Credit Suisse prices $851,000 absolute return barrier notes linked to two indexes

By Toni Weeks

San Luis Obispo, Calif., April 30 – Credit Suisse AG, London Branch priced $851,000 of 0% absolute return barrier securities due May 2, 2019 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each index finishes at or above its initial level, the payout at maturity will be par plus 102% of the return of the worst-performing index.

If either index falls by up to the 65% knock-in level, the payout will be par plus the absolute value of the return of the worst-performing index, up to a maximum of $1,349.99 for each $1,000 principal amount.

If either index falls to or below the knock-in level, investors will be fully exposed to the decline of the worst-performing index.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Absolute return barrier securities
Underlying indexes:	S&P 500, Russell 2000
Amount:	$851,000
Maturity:	May 2, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	If each index gains, par plus 102% of return of worst-performing index; if either index falls by up to knock-in level, par plus absolute value of return of worst-performing index, capped at 34.999%; otherwise, full exposure to decline of worst-performing index
Initial levels:	2,108.92 for S&P, 1,252.7 for Russell
Knock-in levels:	1,370.798 for S&P, 814.255 for Russell; 65% of initial levels
Pricing date:	April 27
Settlement date:	April 30
Agent:	Credit Suisse Securities (USA) LLC
Fees:	4.1%
Cusip:	22546VAA4

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