New Issue: Credit Suisse sells $302,000 accelerated barrier notes on S&P, Russell

By Susanna Moon

Chicago, Feb. 2 – Credit Suisse AG, London Branch priced $302,000 of 0% accelerated barrier notes due Jan. 29, 2021 linked to the Russell 2000 index and the S&P 500 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 142.5% of the gain of the worse performing index.

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 agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Accelerated barrier notes
Underlying indexes:	S&P 500, Russell 2000
Amount:	$302,000
Maturity:	Jan. 29, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	If each index gains, 142.5% of return of worse performing index; if either index falls but by no more than knock-in level, par; otherwise, full exposure to losses of worse performing index
Initial levels:	1,375.60 for Russell, 2,296.68 for S&P
Barrier levels:	825.357 for Russell, 1,378.008 for S&P; 60% of initial levels
Pricing date:	Jan. 26
Settlement date:	Jan. 31
Agent:	Credit Suisse Securities (USA) LLC
Fees:	4%
Cusip:	22548QRQ0

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