New Issue: Credit Suisse prices $214,000 accelerated barrier notes on S&P 500

By Marisa Wong

Morgantown, W.Va., June 22 – Credit Suisse AG, London Branch priced $214,000 of 0% accelerated barrier notes due June 24, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes at or above the initial level, the payout at maturity will be par plus 112% of the return.

If the index falls by up to the 50% knock-in level, the payout will be par.

Otherwise, investors will be fully exposed to any losses.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Accelerated barrier notes
Underlying index:	S&P 500
Amount:	$214,000
Maturity:	June 24, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 112% of any index gain; par if index falls by up to 50%; otherwise, full exposure to any losses
Initial level:	2,071.22
Knock-in level:	1,035.610, 50% of initial level
Pricing date:	June 17
Settlement date:	June 24
Agent:	Credit Suisse Securities (USA) LLC
Fees:	3.45%
Cusip:	22548Q7F6

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