New Issue: Credit Suisse sells $1.36 million Accelerated Return Equity Securities on Russell, S&P

By William Gullotti

Buffalo, N.Y., July 8 – Credit Suisse AG, London Branch priced $1.36 million of 0% Accelerated Return Equity Securities due July 1, 2027 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the return of the lesser performing index is greater than or equal to its initial level, the payout at maturity will be par plus 163.5% of the return of that index.

Otherwise, investors will be fully exposed to any decline of the lesser performing index from its initial level.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Accelerated Return Equity Securities
Underlying assets:	Russell 2000 index and S&P 500 index
Amount:	$1,363,000
Maturity:	July 1, 2027
Coupon:	0%
Price:	Par
Payout at maturity:	If the return of the lesser performing index is greater than or equal to its initial level, par plus 163.5% of the return of that index; otherwise, full exposure to the decline of the lesser performing index from its initial level
Initial levels:	1,738.841 for Russell, 3,821.55 for S&P
Pricing date:	June 28
Settlement date:	July 1
Agent:	Credit Suisse Securities (USA) LLC
Fees:	3.75%
Cusip:	22553QAU1

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