New Issue: Credit Suisse sells $875,000 buffered accelerated return notes on Dow, S&P

By Wendy Van Sickle

Columbus, Ohio, April 17 – Credit Suisse AG, London Branch $875,000 of 0% buffered accelerated return equity securities due April 18, 2024 linked to the lesser performing of the S&P 500 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

If the laggard index return is positive, the payout at maturity will be par plus 130% of the laggard index return.

Investors will receive par if the laggard index falls by 15% or less and will lose 1% for every 1% decline of that index beyond 15%.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Buffered accelerated return equity securities
Underlying indexes:	Dow Jones industrial average and S&P 500 index
Amount:	$875,000
Maturity:	April 18, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If laggard index return is positive, par plus 130% of laggard index return; par if laggard index declines by 15% or less; 1% loss for every 1% laggard index declines beyond 15%
Initial index levels:	23,949.76 for Dow, 2,846.06 for S&P
Buffer levels:	20,357.296 for Dow, 2,419.151 for S&P, 85% of initial levels
Pricing date:	April 14
Settlement date:	April 17
Underwriter:	Credit Suisse Securities (USA) LLC
Fees:	0.75%
Cusip:	22551NYJ9

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