New Issue: Credit Suisse prices $1.84 million absolute return barrier securities on Russell, Dow

By Wendy Van Sickle

Columbus, Ohio, July 9 – Credit Suisse AG, London Branch priced $1.84 million of 0% absolute return barrier securities due June 29, 2021 linked to the Russell 2000 index and the Dow Jones industrial average, 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 1.24 times the gain of the worse performing index, up to an upside return cap of 30%.

If each index finishes at or above the 65% knock-in level, the payout will be par plus the absolute value of the worse performing index.

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

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Absolute return barrier securities
Underlying indexes:	Dow Jones Industrial Average and Russell 2000
Amount:	$1,835,000
Maturity:	June 29, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	If each index gains, par plus 1.24 times return of worse performing index, subject to an underlying return cap of 30%; if each index finishes above knock-in level, par plus the absolute value of worse performing index; otherwise, full exposure to any losses of worse performing index
Initial levels:	24,580.89 for Dow and 1,685.755 for Russell
Knock-in levels:	15,977.5785 for Dow and 1,095.62505 for Russell; 65% of initial levels
Pricing date:	June 22
Settlement date:	June 29
Agent:	Credit Suisse Securities (USA) LLC
Fees:	0%
Cusip:	22550WY43

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