New Issue: Credit Suisse sells $327,000 absolute return barrier notes on Russell, Dow

By Wendy Van Sickle

Columbus, Ohio, Nov. 30 – Credit Suisse AG, London Branch priced $327,000 of 0% absolute return barrier securities due Nov. 30, 2023 linked to the Russell 2000 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 132% of the gain of the worse performing index.

If either index declines but finishes at or above the 70% knock-in level, the payout will be par plus the absolute value of the worse performing index.

Otherwise, investors will be fully exposed to the loss of the worse performing index.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Absolute return barrier securities
Underlying indexes:	Dow Jones Industrial Average and Russell 2000
Amount:	$327,000
Maturity:	Nov. 30, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If each index gains, par plus 132% of the return of worse performing index; if either index declines but finishes above knock-in level, par plus the absolute value of worse performing index; otherwise, full exposure to any losses of worse performing index
Initial levels:	24,748.73 for Dow and 1,492.855 for Russell
Knock-in levels:	17,324.111 for Dow and 1,044.9985 for Russell; 70% of initial levels
Pricing date:	Nov. 27
Settlement date:	Nov. 30
Agent:	Credit Suisse Securities (USA) LLC
Fees:	4.6%
Cusip:	22551LJ68

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