New Issue: Credit Suisse sells $900,000 Accelerated Return Equity Securities on three airline stocks

By Wendy Van Sickle

Columbus, Ohio, May 12 – Credit Suisse AG, London Branch priced $900,000 of 0% Accelerated Return Equity Securities due May 8, 2025 linked to the least performing of the common stocks of United Airlines Holdings, Inc., Southwest Airlines Co. and Delta Air Lines, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

If the final share price of the least performing stock is greater than the initial share price, the payout at maturity will be par plus 300% of the return of the least performing stock.

If any stock finishes below its initial share price, investors will be fully exposed to the decline of the least performing stock.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Accelerated Return Equity Securities
Underlying stocks:	United Airlines Holdings, Inc., Delta Air Lines, Inc. and Southwest Airlines Co.
Amount:	$900,000
Maturity:	May 8, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If the final share price of the least performing stock is greater than the initial share price, par plus 300% of the return of the least performing stock; if any stock finishes below its initial share price, full exposure to the decline of the least performing stock
Initial share prices:	$22.57 for Delta, $27.56 for Southwest, $25.26 for United
Strike date:	May 4
Pricing date:	May 5
Settlement date:	May 8
Agent:	Credit Suisse Securities (USA) LLC
Fees:	1%
Cusip:	22552W3G8

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