New Issue: Credit Suisse prices $1.55 million accelerated return notes on S&P 500

By Toni Weeks

San Luis Obispo, Calif., June 27 – Credit Suisse AG, London Branch priced $1.55 million of 0% accelerated return notes due March 29, 2018 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus 120.5% of the index return.

If the index return is negative but the final level is greater than or equal to the knock-in level, the payout will be par. The knock-in level is 75% of the initial level.

If the final index level is less than the knock-in level, investors will lose 1% for every 1% that the final index level is less than the initial index level.

Barclays is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Accelerated return notes
Underlying index:	S&P 500
Amount:	$1,552,000
Maturity:	March 29, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus 120.5% of index return; if index return is negative but final level is greater than or equal to knock-in level, par; if final index level is less than knock-in level, 1% loss for every 1% that final index level is less than initial index level
Initial index level:	1,959.53
Knock-in level:	1,469.6475, 75% of initial level
Pricing date:	June 25
Settlement date:	June 30
Agent:	Barclays
Fees:	2.75%
Cusip:	22547QNY8

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