New Issue: Credit Suisse prices $1.34 million review notes linked to S&P 500

By Wendy Van Sickle

Columbus, Ohio, June 8 – Credit Suisse AG, London Branch priced $1.34 million of 0% review notes due June 10, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par plus a premium of 12% if the index closes at or above its initial level on May 24, 2023.

If the notes are not called and the final level is greater than or equal to the 85% knock-out level, the payout at maturity will be the greater of par plus the return and par plus 24%.

Otherwise, investors will be fully exposed to the index’s decline from its initial level.

J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA are the placement agents.

Issuer:	Credit Suisse AG, London Branch
Issue:	Review notes
Underlying index:	S&P 500 index
Amount:	$1,335,000
Maturity:	June 10, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If index finishes at or above knock-out level, par plus the greater of the return and 24%; otherwise, full exposure to index’s decline from initial level
Call:	Automatically at par plus 12% if index closes at or above initial level on May 24, 2023
Initial level:	4,108.54
Knock-out level:	3,492.26; 85% of initial level
Pricing date:	June 3
Settlement date:	June 8
Placement agents:	J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
Fees:	1.5%
Cusip:	22553Q3H8

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