New Issue: Credit Suisse prices $2.23 million absolute return barrier notes on Dow

By Susanna Moon

Chicago, Aug. 27 – Credit Suisse AG, London Branch priced $2.23 million of 0% absolute return barrier notes due Aug. 31, 2020 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes at or above the initial index level, the payout at maturity will be par plus 125% of the index return.

If the index finishes above the 70% knock-out level, the payout will be par plus the absolute value of the index return, up to a maximum return of $1,299.99 for each $1,000 principal amount.

Otherwise, investors will be fully exposed to any losses.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Absolute return barrier notes
Underlying index:	Dow Jones industrial average
Amount:	$2,228,000
Maturity:	Aug. 31, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If index gains, par plus 125% of return; if return is negative but index finishes above knock-out level, par plus the absolute value of the return, capped at 29.999%; otherwise, full exposure to any losses
Initial index level:	17,001.22
Knock-in level:	1,1900.85, 70% of initial level
Pricing date:	Aug. 22
Settlement date:	Aug. 29
Agent:	Credit Suisse Securities (USA) LLC
Fees:	3.8%
Cusip:	22547QR81

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