New Issue: Credit Suisse sells $2.08 million absolute return barrier securities on S&P, Dow

By William Gullotti

Buffalo, N.Y., Dec. 17 – Credit Suisse AG, London Branch priced $2.08 million of 0% absolute return barrier securities due Dec. 13, 2024 linked to the lowest 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 each index finishes at or above the initial level, the payout at maturity will be par plus the return of the worse performing index.

If any index declines but each index finishes at or above the 74.4% barrier level, the payout will be par plus the absolute value of the return of the worse performing index.

Otherwise, investors will lose 1% for each 1% decline of the worst performer from its initial level.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Absolute return barrier securities
Underlying indexes:	S&P 500 index, Dow Jones industrial average
Amount:	$2,076,000
Maturity:	Dec. 13, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If each index gains, par plus return of worse performing index; if any index declines but each index finishes at or above barrier level, par plus the absolute value of return of worse performing index; otherwise, full exposure to decline of worst performer from initial level
Initial levels:	4,712.02 for S&P, 35,970.99 for Dow
Barrier levels:	3,505.74288 for S&P, 26,762.41656 for Dow; 74.4% of initial levels
Pricing date:	Dec. 10
Settlement date:	Dec. 15
Agent:	Credit Suisse Securities (USA) LLC
Fees:	1.2%
Cusip:	22553PAL3

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