Credit Suisse to price absolute return barrier notes linked to the Dow

By Jennifer Chiou

New York, March 3 - Credit Suisse AG plans to price 0% absolute return barrier notes due March 30, 2020 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is greater than or equal to the initial index level, the payout at maturity will be par plus 130% to 135% of the index return. The exact participation rate will be set at pricing.

If the final index level is less than the initial index level but greater than or equal to the knock-out level, the payout will be par plus the absolute value of the index return. The knock-out level will be 70% of the initial index level.

If the final index level is less than the knock-out level, investors will lose 1% for every 1% that the index declines below the initial level.

The notes (Cusip: 22547QJZ0) are expected to price on March 21 and settle on March 28.

Credit Suisse Securities (USA) LLC is the agent.

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