New Issue: Credit Suisse prices $2.69 million accelerated barrier notes tied to indexes

By Tali Rackner

Norfolk, Va., Feb. 5 – Credit Suisse AG, London branch priced $2.69 million of 0% accelerated barrier notes due Feb. 3, 2021 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 162.5% of the return of the worse performing index.

If each index falls by up to the 50% knock-in level, the payout will be par.

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

Credit Suisse Securities (USA) LLC is the underwriter.

Issuer:	Credit Suisse AG, London Branch
Issue:	Accelerated barrier notes
Underlying indexes:	S&P 500, Russell 2000
Amount:	$2.69 million
Maturity:	Feb. 3, 2021
Coupon:	0%
Price:	Par of $1,000
Payout at maturity:	If each index gains, par plus 162.5% of return of worse performing index; if each index falls by up to knock-in level, par; otherwise, full exposure to losses of the worse performing index
Initial levels:	1,940.24 for S&P, 1,035.381 for Russell
Knock-in levels:	970.12 for S&P, 517.6905 for Russell; 50% of initial levels
Pricing date:	Jan. 29
Settlement date:	Feb. 5
Agent:	Credit Suisse Securities (USA) LLC
Fees:	0.8%
Cusip:	22546VSV9

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