New Issue: Credit Suisse sells $5.85 million absolute return barrier notes on S&P

By Marisa Wong

Morgantown, W.Va., April 7 – Credit Suisse AG, London Branch priced $5.85 million of 0% absolute return barrier securities due April 1, 2022 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is greater than or equal to the initial index level, the payout at maturity will be par plus 113% of the index return.

If the final index level is less than the initial index level but the index finishes above the knock-in level, 70% of the initial index level, the payout will be par plus the absolute value of the index return.

If the index finishes at or below the knock-in level, investors will be fully exposed to its decline from the initial index level.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Absolute return barrier securities
Underlying index:	S&P 500
Amount:	$5,848,000
Maturity:	April 1, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If final index level is greater than or equal to initial index level, par plus 113% of index return; if final index level is less than initial index level but index finishes above knock-in level, par plus absolute value of index return; if index finishes at or below knock-in level, full exposure to index’s decline from initial index level
Initial index level:	2,361.13
Knock-in level:	1,652.791, 70% of initial level
Pricing date:	March 29
Settlement date:	April 3
Agent:	Credit Suisse Securities (USA) LLC
Fees:	3.75%
Cusip:	22548QXV2

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