New Issue: Credit Suisse sells $168,000 absolute return barrier notes on Dow, Russell

By Wendy Van Sickle

Columbus, Ohio, Nov. 2 – Credit Suisse AG, London Branch priced $168,000 of 0% absolute return barrier notes due Oct. 31, 2023 linked to the Dow Jones Industrial Average and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each index finishes at or above its initial level, the payout at maturity will be par plus 121% of the return of the worse performing index.

If either index finishes below its initial level but neither finishes below the 65% knock-in level, the payout will be par plus the absolute value of the return of the lesser-performing index.

Otherwise, investors will be fully exposed to the decline of the worse performing index.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Absolute return barrier securities
Underlying indexes:	Dow Jones Industrial Average and Russell 2000
Amount:	$168,000
Maturity:	Oct. 31, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If each index finishes at or above its initial level, par plus 121% of the return of the worse performing index; if either index falls but each finishes above knock-in level, par plus absolute value of laggard index return; otherwise, investors will be fully exposed to the decline of the worse performing index
Initial index levels:	24,688.31 for Dow and 1,483.821 for Russell
Knock-in levels:	16,047.4015 for Dow and 964.48365 for Russell, 65% of initial levels
Pricing date:	Oct. 26
Settlement date:	Nov. 2
Agent:	Credit Suisse Securities (USA) LLC
Fees:	4.125%
Cusip:	22551LEX4

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