New Issue: Credit Suisse prices $12.39 million return enhanced notes linked to S&P 500

By Sarah Lizee

Olympia, Wash., March 25 – Credit Suisse AG, London Branch priced $12.39 million of 0% return enhanced notes due March 24, 2023 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange.

If the index return is positive, the payout at maturity will be par plus 1.4745 times the index return. If the index return is negative, investors will have one-to-one exposure to the decline.

JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are the placement agents.

Issuer:	Credit Suisse AG, London Branch
Issue:	Return enhanced notes
Underlying index:	S&P 500
Amount:	$12.39 million
Maturity:	March 24, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus 1.4745 times index return; if index return is negative, one-to-one exposure to decline
Initial index level:	2,398.10
Final index level:	Average of index’s closing levels on five trading days ending March 17, 2023
Pricing date:	March 18
Settlement date:	March 25
Placement agents:	JPMorgan Chase Bank, NA, J.P. Morgan Securities LLC
Fees:	2%
Cusip:	22551NVF0

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