New Issue: Credit Suisse sells $2.46 million accelerated barrier notes on S&P, Russell

By Wendy Van Sickle

Columbus, Ohio, April 13 – Credit Suisse AG, London Branch priced $2.46 million of 0% accelerated barrier notes due April 3, 2020 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If either index finishes at or above its initial level, the payout at maturity will be par plus 150% of the gain.

If either index falls but finishes at or above the 70% knock-in level, the payout will be par.

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

Credit Suisse Securities (USA) LLC is the underwriter.

Issuer:	Credit Suisse AG, London Branch
Issue:	Accelerated barrier notes
Underlying indexes:	S&P 500 and Russell 2000
Amount:	$2,457,000
Maturity:	April 3, 2020
Coupon:	0%
Price:	Par of $1,000
Payout at maturity:	If lesser-performing index finishes at or above initial level, par plus 150% of return of that index; if either index falls but finishes above knock-in level, par; if either index falls below knock-in level, full exposure to decline of lesser-performing index
Initial levels:	1,385.92 for Russell, 2,362.72 for S&P
Knock-in levels:	970.144 for Russell, 1,653.904 for S&P; 70% of initial levels
Pricing date:	March 31
Settlement date:	April 5
Agent:	Credit Suisse Securities (USA) LLC
Fees:	1.5%
Cusip:	22548QWG6

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