New Issue: Credit Suisse prices $338,000 CS notes due 2021 linked to S&P 500

By Sarah Lizee

Olympia, Wash., Oct. 30 – Credit Suisse AG, London Branch priced $338,000 of 0% CS notes due April 29, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange.

A barrier event occurs if the index closes above the upper barrier, 121% of the initial level, or below the lower barrier, 79% of the initial level, on any trading day during the life of the notes.

If a barrier event has occurred, the payout at maturity will be par plus 3%. Otherwise, the payout will be par plus the absolute value of the index return, capped at par plus 21%.

Credit Suisse Securities (USA) LLC and Incapital LLC are the agents.

Issuer:	Credit Suisse AG, London Branch
Issue:	CS notes
Underlying index:	S&P 500
Amount:	$338,000
Maturity:	April 29, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	If the index closes above the upper barrier or below the lower barrier on any day during the life of the notes, par plus 3%; otherwise, par plus the absolute value of the index return, capped at par plus 21%
Initial level:	2,658.69
Upper barrier:	3,217.0149, 121% of initial level
Lower barrier:	2,100.3651, 79% of initial level
Pricing date:	Oct. 26
Settlement date:	Oct. 30
Agent:	Credit Suisse Securities (USA) LLC and Incapital LLC
Fees:	2.125%
Cusip:	22551LDT4

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