New Issue: Credit Suisse sells $829,000 accelerated return barrier notes linked to S&P 500

By Marisa Wong

Morgantown, W.Va., April 30 – Credit Suisse AG, London Branch priced $829,000 of 0% absolute return barrier securities due April 27, 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 its initial level, the payout at maturity will be par plus 125% of the index return, capped at 50%.

If the index falls but finishes at or above the 80% knock-in level, the payout will be par plus the absolute value of the index return.

Otherwise, investors will lose 1% for each 1% decline.

Credit Suisse Securities (USA) LLC is the underwriter.

Issuer:	Credit Suisse AG, London Branch
Issue:	Absolute return barrier securities
Underlying index:	S&P 500
Amount:	$829,000
Maturity:	April 27, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus 125% of the index return, capped at 50%; if the index falls but finishes at or above the knock-in level, par plus the absolute value of the index return; otherwise, 1% loss for each 1% decline
Initial index level:	2,670.14
Knock-in level:	2,136.112, 80% of initial level
Pricing date:	April 20
Settlement date:	April 27
Underwriter:	Credit Suisse Securities (USA) LLC
Fees:	None
Cusip:	22550WNK9

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