New Issue: Credit Suisse sells $555,000 absolute return barrier securities on S&P, Dow

By Kiku Steinfeld

Chicago, Dec. 16 – Credit Suisse AG, London Branch priced $555,000 of 0% absolute return barrier securities due April 24, 2025 linked to the lowest performing of 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 the initial level, the payout at maturity will be par plus 105% of the return of the worse performing index.

If any index declines but each index finishes at or above the 70% barrier level, the payout will be par plus the absolute value of the return of the worse performing index.

Otherwise, investors will lose 1% for each 1% decline of the worst performer from its initial level.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Absolute return barrier securities
Underlying indexes:	S&P 500 index, Dow Jones industrial average
Amount:	$555,000
Maturity:	April 24, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If each index gains, par plus 105% return of worse performing index; if any index declines but each index finishes at or above barrier level, par plus the absolute value of return of worse performing index; otherwise, full exposure to decline of worst performer from initial level
Initial levels:	34,911.20 for Dow, 4,462.21 for S&P
Barrier levels:	24437.84 for Dow, 3123.547 for S&P; 70% of initial levels
Pricing date:	April 19
Settlement date:	April 22
Agent:	Credit Suisse Securities (USA) LLC
Fees:	0.75%
Cusip:	22553PSD2

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