New Issue: Credit Suisse prices $1.8 million absolute return barrier notes on S&P

By Wendy Van Sickle

Columbus, Ohio, July 26 – Credit Suisse AG, London Branch priced $1.8 million of 0% absolute return barrier securities due July 29, 2019 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 150% of any index gain, subject to a maximum return of 32.5%.

If the index falls but each index finishes above its 80% knock-in level, the payout will be par plus the absolute value of the return.

Otherwise, investors will be fully exposed to any losses.

Credit Suisse Securities (USA) LLC is the underwriter.

Issuer:	Credit Suisse AG, London Branch
Issue:	Absolute return barrier securities
Underlying index:	S&P 500
Amount:	$1,796,000
Maturity:	July 29, 2019
Coupon:	0%
Price:	Par of $1,000
Payout at maturity:	If index gains, par plus 150% of return, return capped at 32.5%; if index falls by up to 20%, par plus absolute value of return; otherwise, full exposure to losses
Initial index level:	2,175.03
Knock-in level:	1,740.024, 80% of initial level
Pricing date:	July 22
Settlement date:	July 29
Underwriter:	Credit Suisse Securities (USA) LLC
Fees:	2.8%
Cusip:	22548QC37

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