New Issue: Credit Suisse sells $2.03 million 6.45% daily range accrual callables on Russell 2000

By Susanna Moon

Chicago, Jan. 9 – Credit Suisse AG, London branch priced $2.03 million of 0% callable daily range accrual securities due June 30, 2026 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

Interest will accrue at 6.45% for each day that the index closes at or above the accrual barrier, 80% of the initial index level. Interest will be payable monthly.

The payout at maturity will be par unless the index falls by more than 20%, in which case investors will lose 1% for every 1% drop beyond 20%.

The notes are callable at par on any interest payment date after one year.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Callable daily range accrual securities
Underlying index:	Russell 2000
Amount:	$2,034,000
Maturity:	June 30, 2026
Coupon:	6.45% annualized for each day that index closes at or above accrual barrier level; payable monthly
Price:	Par
Payout at maturity:	Par unless index falls by more than 20%, in which case exposure to losses beyond 20%
Call option:	At par on any interest payment date after one year
Initial level:	1,292.086
Barrier level:	1,033.6688, 80% of initial level
Pricing date:	Dec. 21
Settlement date:	Dec. 31
Agent:	Credit Suisse Securities (USA) LLC
Fees:	4%
Cusip:	22551LNV8

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