New Issue: Credit Suisse sells $605,000 accelerated barrier notes tied to S&P, Russell

By Wendy Van Sickle

Columbus, Ohio, May 2 – Credit Suisse AG, London Branch priced $605,000 of 0% accelerated barrier notes due May 1, 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 both indexes finish at or above the initial level, the payout at maturity will be par plus 150% of any gain in the lesser-performing index.

If either index falls but both finish at or above the 60% 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:	$605,000
Maturity:	May 1, 2020
Coupon:	0%
Price:	Par of $1,000
Payout at maturity:	If lesser-performing index finishes at or above initial level, par plus 150% of return of that index; if either index falls but both finish above knock-in level, par; if either index finishes below knock-in level, full exposure to decline of lesser-performing index
Initial levels:	1,400.428 for Russell, 2,384.20 for S&P
Knock-in levels:	980.2996 for Russell, 1,688.94 for S&P; 60% of initial levels
Pricing date:	April 28
Settlement date:	May 3
Agent:	Credit Suisse Securities (USA) LLC
Fees:	1.5%
Cusip:	22548QYR0

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