New Issue: Credit Suisse prices $429,000 accelerated barrier notes on Dow, Russell

By Wendy Van Sickle

Columbus, Ohio, May 3 – Credit Suisse AG, London Branch priced $429,000 of 0% accelerated barrier notes due April 28, 2023 linked to the lesser performing of the Dow Jones industrial average and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each index finishes at or above its initial level, the payout at maturity will be par plus 160% of the return of the worse performing index.

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

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

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Accelerated barrier notes
Underlying indexes:	Dow Jones industrial average and Russell 2000
Amount:	$429,000
Maturity:	April 28, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If each index finishes at or above its initial level, par plus 160% of the return of the worse performing index; if either index falls but both indexes finish at or above the knock-in level, par; otherwise, investors will be fully exposed to the decline of the worse performing index
Initial levels:	24,083.83 for Dow, 1,550.467 for Russell
Knock-in levels:	16,858.681 for Dow, 1,085.3269 for Russell; 70% of initial levels
Pricing date:	April 25
Settlement date:	April 30
Agent:	Credit Suisse Securities (USA) LLC
Fees:	4.6%
Cusip:	22550WL21

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