New Issue: Credit Suisse sells $500,000 absolute return buffered notes on index, ETF

By Kiku Steinfeld

Chicago, Dec. 2 – Credit Suisse AG, London Branch priced April 2, 2025 of 0% absolute return buffered securities due $500,000 linked to the lowest performing of the S&P 500 index and the Invesco QQQ Trust, Series 1, according to a 424B2 filing with the Securities and Exchange Commission.

If each asset finishes at or above the initial level, the payout at maturity will be par plus 105% of the return of the worse performing asset.

If each asset finishes at or above the 85% buffer level, the payout will be par plus the absolute value of the return of the worse performing asset.

Otherwise, investors will lose 1% for each 1% decline of the least performing asset beyond the 15% buffer.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Absolute return buffered securities
Underliers:	S&P 500 index and the Invesco QQQ Trust, Series 1
Amount:	$500,000
Maturity:	April 2, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If each asset gains, par plus 105% of return of worse performing asset; if each asset finishes at or above buffer level, par plus the absolute value of return of worse performing asset; otherwise, exposure to any losses of worse performing asset beyond buffer
Initial levels:	4575.52 for S&P, $364.91 for ETF
Buffer levels:	3889.192 for S&P and $310.1735 for ETF; 85% of initial levels
Pricing date:	March 28
Settlement date:	March 31
Agent:	Credit Suisse Securities (USA) LLC
Fees:	1%
Cusip:	22553PPT0

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