New Issue: Credit Suisse sells $952,000 absolute return barrier notes on S&P 500

By Kiku Steinfeld

Chicago, July 11 – Credit Suisse AG, London Branch priced $952,000 of 0% absolute return barrier securities due June 25, 2027 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes above its initial level, the payout at maturity will be par plus 120% of the index return, capped at par plus 60%.

If the index falls but finishes at or above the 75% knock-in level, the payout will be par plus the absolute value of the index return.

Otherwise, investors will lose 1% for each 1% decline.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Absolute return barrier securities
Underlying index:	S&P 500
Amount:	$952,000
Maturity:	June 25, 2027
Coupon:	0%
Price:	Par
Payout at maturity:	If index finishes gains, par plus 1.2 times return, capped at par plus 60%; if index falls but finishes at or above knock-in level, par plus absolute value of return; otherwise, 1% loss for each 1% decline
Initial index level:	4696.56
Knock-in level:	3522.42, 75% of initial level
Pricing date:	Dec. 22
Settlement date:	Dec. 28
Agent:	Credit Suisse Securities (USA) LLC
Fees:	3.7%
Cusip:	22553PAQ2

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