New Issue: Credit Suisse sells $2.55 million accelerated barrier notes on S&P, Dow

By Wendy Van Sickle

Columbus, Ohio, Nov. 30 – Credit Suisse AG, London Branch priced $2.55 million of 0% accelerated barrier notes due Nov. 24, 2024 tied to the S&P 500 index and the Dow Jones industrial average, 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 116% of the return of the worse performing index.

If either index falls but both indexes finish at or above the 70% knock-in level, the payout will be par.

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:	Accelerated barrier securities
Underlying indexes:	S&P 500 and Dow Jones industrial average
Amount:	$2,552,000
Maturity:	Nov. 24, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If each index finishes at or above its initial level, par plus 116% of lowest return; if either index falls but both indexes finish at or above the knock-in level, par; otherwise, investors will be fully exposed to the decline of the worse performing index
Initial levels:	4,697.96 for S&P, 35,601.98 for Dow
Knock-in levels:	3,288.572 for S&P, 24,921.386 for Dow; 70% of initial levels
Pricing date:	Nov. 19
Settlement date:	Nov. 24
Agent:	Credit Suisse Securities (USA) LLC
Fees:	3%
Cusip:	22553P5H8

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