New Issue: Credit Suisse sells $1.25 million Accelerated Return Equity Securities on Dow, S&P

By William Gullotti

Buffalo, N.Y., June 6 – Credit Suisse AG, London Branch priced $1.25 million of 0% Accelerated Return Equity Securities due June 1, 2027 linked to the S&P 500 index and the Dow Jones industrial average, 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 160.5% 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:	Dow Jones industrial average and S&P 500 index
Amount:	$1.25 million
Maturity:	June 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 160.5% of the return of that index; otherwise, full exposure to the decline of the lesser performing index from its initial level
Initial levels:	32,637.19 for Dow, 4,057.84 for S&P
Pricing date:	May 26
Settlement date:	June 1
Agent:	Credit Suisse Securities (USA) LLC
Fees:	3%
Cusip:	22553PZD4

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