New Issue: Credit Suisse sells $600,000 absolute return barrier securities on S&P, Russell, Nasdaq

By Kiku Steinfeld

Chicago, Sept. 8 – Credit Suisse AG, London Branch priced $600,000 of 0% absolute return barrier securities due Jan. 30, 2025 linked to the Nasdaq-100 index, the Russell 2000 index and the S&P 500 index, 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 150% of the gain of the worst performing index, up to a maximum of par plus 30%.

If each index finishes at or above the 70% knock-in level, the payout will be par plus the absolute value of the worst performing index.

Otherwise, investors will be fully exposed to the loss of the worse performing index.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Absolute return barrier securities
Underlying indexes:	Nasdaq-100, S&P 500 and Russell 2000
Amount:	$600,000
Maturity:	Jan. 30, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If each index gains, par plus 150% of return of worst performing index, up to par plus 30%; if each index finishes above knock-in level, par plus the absolute value of worst performing index; otherwise, full exposure to any losses of worst performing index
Initial levels:	1,976.464 for Russell, 4349.93 for S&P, 14,172.76 for Nasdaq
Knock-in levels:	1383.5248 for Russell, 3044.951 for S&P, 9,920.932 Nasdaq; 70% of initial levels
Pricing date:	Jan. 26, 2022
Settlement date:	Jan. 31, 2022
Agent:	Credit Suisse Securities (USA) LLC
Fees:	4%
Cusip:	22553PGJ2

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