New Issue: Credit Suisse sells $3.78 million absolute return barrier notes on S&P, Russell

By Tali Rackner

Norfolk, Va., Feb. 4 – Credit Suisse AG, London Branch priced $3.78 million of 0% absolute return barrier securities due Feb. 3, 2020 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 the initial level, the payout at maturity will be par plus 147.5% of the gain of the worse performing index.

If each index finishes at or above the 70% knock-in level, the payout will be par plus the absolute value of the worse performing index.

Otherwise, investors will be fully exposed to the loss of the worse performing index.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Absolute return barrier securities
Underlyings:	S&P 500 index and Russell 2000 index
Amount:	$3,775,000
Maturity:	Feb. 3, 2020
Coupon:	0%
Price:	Par of $1,000
Payout at maturity:	If each index gains, par plus 147.5% of return of the worse performing index; if either index falls by up to knock-in level, par plus absolute value of return of the worse performing index; otherwise, full exposure to loss of the worse performing index
Initial levels:	1,940.24 for S&P, 1,035.381 for Russell
Knock-in levels:	1,358.168 for S&P, 724.7667 for Russell; 70% of initial levels
Pricing date:	Jan. 29
Settlement date:	Feb. 6
Agent:	Credit Suisse Securities (USA) LLC
Fees:	2%
Cusip:	22546VRX6

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