New Issue: Credit Suisse prices $1.85 million absolute return barrier notes on S&P

By Marisa Wong

Morgantown, W.Va., June 22 – Credit Suisse AG, London Branch priced $1.85 million of 0% absolute return barrier securities due June 24, 2019 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 150% of any index gain, subject to a maximum return of 33%.

If the final index level is less than its initial level and a knock-in event has not occurred, the payout will be par plus the absolute value of that index’s return. If a knock-in event has occurred, investors will be fully exposed to the index decline.

A knock-in event will occur if the final index level is less than or equal to its knock-in level, 80% of its initial level.

Credit Suisse Securities (USA) LLC is the underwriter.

Issuer:	Credit Suisse AG, London Branch
Issue:	Absolute return barrier securities
Underlying index:	S&P 500
Amount:	$1,847,000
Maturity:	June 24, 2019
Coupon:	0%
Price:	Par of $1,000
Payout at maturity:	If index gains, par plus 150% of return, return capped at 33%; if index falls by up to 20%, par plus absolute value of return; otherwise, full exposure to losses
Initial index level:	2,071.22
Knock-in level:	1,656.976, 80% of initial level
Pricing date:	June 17
Settlement date:	June 24
Underwriter:	Credit Suisse Securities (USA) LLC
Fees:	2.8%
Cusip:	22548QAD7

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