New Issue: Credit Suisse prices $1.21 million accelerated barrier notes linked to Russell, S&P

By Wendy Van Sickle

Columbus, Ohio, July 1 – Credit Suisse AG, London Branch priced $1.21 million of accelerated barrier notes due July 1, 2021 linked to the S&P 500 index and the Russell 2000 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 142.5% of the gain of the worse performing index.

If either index loses, but each index finishes at or above the 50% knock-in level, the payout will be par.

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

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Accelerated barrier notes
Underlying indexes:	S&P 500 and Russell 2000
Amount:	$1,207,000
Maturity:	July 1, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	If lesser-performing index finishes at or above initial level, par plus 142.5% of return of that index; if either index loses, but neither finishes below 50% knock-in level, par; otherwise, full exposure to loss of lesser-performing index
Initial index levels:	2,000.54 for S&P and 1,089.646 for Russell
Knock-in level:	1,000.27 for S&P and 544.823 for Russell; 50% of initial levels
Pricing date:	June 27
Settlement date:	June 30
Agent:	Credit Suisse Securities (USA) LLC
Fees:	4.6%
Cusip:	22548Q7E9

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