New Issue: Credit Suisse prices $20.61 million absolute return buffered securities on S&P, Dow

By Wendy Van Sickle

Columbus, Ohio, Oct. 12 – Credit Suisse AG, London Branch priced $20.61 million of 0% absolute return buffered securities due Oct. 10, 2024 linked to 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 1.05 times the return of the worse performing index, capped at par plus 15%.

If each index finishes at or above the 85% buffer level, the payout will be par plus 1.5 times the absolute value of the return of the worse performing index.

Otherwise, investors will lose 1% for each 1% decline of the least performing index beyond the 15% buffer.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Absolute return buffered securities
Underlying indexes:	S&P 500 and Dow Jones industrial average
Amount:	$20,613,000
Maturity:	Oct. 10, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If each index gains, par plus 1.05 times return of worse performing index, capped at par plus 15%; if each index finishes at or above buffer level, par plus 1.5 times the absolute value of return of worse performing index; otherwise, exposure to any losses of worse performing index beyond 15%
Initial index levels:	3,639.66 for S&P 500 and 29,296.79 for Dow
Buffer levels:	3,093.711 for S&P 500 and 24,902.2715 for Dow, 85% of initial levels
Pricing date:	Oct. 7
Settlement date:	Oct. 13
Agent:	Credit Suisse Securities (USA) LLC
Fees:	0.15%
Cusip:	22553QJJ7

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