New Issue: Credit Suisse sells $2 million accelerated barrier notes on stocks

By Wendy Van Sickle

Columbus, Ohio, Feb. 9 – Credit Suisse AG, London Branch priced $2 million of 0% accelerated barrier notes due Feb. 2, 2023 linked to the Air Products and Chemicals, Inc., Delta Air Lines, Inc. and Starbucks Corp., according to a 424B2 filing with the Securities and Exchange Commission.

If each stock finishes at or above its initial level, the payout at maturity will be par plus 340% of the return of the worst performing stock.

If any stock falls but each stock finishes at or above the 80% knock-in level, the payout will be par.

Otherwise, investors will be fully exposed to the decline of the worst performing stock.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Accelerated barrier notes
Underlying stocks:	Air Products and Chemicals, Inc., Delta Air Lines, Inc. and Starbucks Corp.
Amount:	$2 million
Maturity:	Feb. 2, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If each stock finishes at or above its initial level, par plus 340% of the return of the worst performing stock; if any stock falls but all stocks finish at or above the knock-in level, par; otherwise, investors will be fully exposed to the decline of the worst performing stock
Initial stock levels:	$269.98 for Air Products, $97.87 for Starbucks and $38.52 for Delta
Knock-in levels:	$215.984 for Air Products, $78.296 for Starbucks and $30.816 for Delta, 80% of initial levels
Pricing date:	Jan. 28
Settlement date:	Feb. 2
Agent:	Credit Suisse Securities (USA) LLC
Fees:	0.4%
Cusip:	22552XA29

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