New Issue: Credit Suisse sells $426,000 accelerated barrier notes on S&P, Russell

By Tali Rackner

Norfolk, Va., Oct. 6 – Credit Suisse AG, London Branch priced $426,000 of 0% accelerated barrier notes due Oct. 5, 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 either index finishes at or above its initial level, the payout at maturity will be par plus 172.5% of the gain.

If either index falls but finishes at or above the 70% knock-in level, the payout will be par.

Otherwise, investors will be fully exposed to any losses of the lesser 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 and Russell 2000
Amount:	$426,000
Maturity:	Oct. 5, 2020
Coupon:	0%
Price:	Par of $1,000
Payout at maturity:	If lesser-performing index finishes at or above initial level, par plus 172.5% of return of that index; if either index falls but finishes above knock-in level, par; if either index falls below knock-in level, full exposure to decline of lesser-performing index
Initial levels:	2,168.27 for S&P 500, 1,251.646 for Russell 2000
Knock-in levels:	1,517.79 for S&P 500, 876.15 for Russell 2000; 70% of initial levels
Pricing date:	Sept. 30
Settlement date:	Oct. 5
Agent:	Credit Suisse Securities (USA) LLC
Fees:	2%
Cusip:	22548QFY6

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