New Issue: Credit Suisse sells $584,000 accelerated barrier notes on S&P, Nasdaq

By Wendy Van Sickle

Columbus, Ohio, Feb. 20 – Credit Suisse AG, London Branch priced $584,000 of 0% accelerated barrier notes due Feb. 18, 2020 linked to the S&P 500 index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each index finishes at or above its initial level, the payout at maturity will be par plus 113.5% of the return of the worse performing index up to a 40% underlying return cap.

If either index falls but both indexes finish at or above the 65% knock-in level, the payout will be par.

Otherwise, investors will lose 1% for each 1% decline of the worse performing index from its initial level.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Accelerated barrier notes
Underlying indexes:	S&P 500 index and Nasdaq-100 index
Amount:	$584,000
Maturity:	Feb. 18, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If each index finishes at or above its initial level, par plus 113.5% of the return of the worse performing index, subject to 40% underlying return cap; if either index falls but both indexes finish at or above the knock-in level, par; otherwise, 1% loss for each 1% decline of the worse performing index from its initial level
Initial index levels:	2,619.55 for S&P and 6,412.68 for Nasdaq
Knock-in levels:	1,702.7075 for S&P and 4,168.242 for Nasdaq, 65% of initial levels
Pricing date:	Feb. 12
Settlement date:	Feb. 15
Agent:	Credit Suisse Securities (USA) LLC
Fees:	0.75%
Cusip:	22550WEB9

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