New Issue: Credit Suisse prices $426,000 CS notes linked to Dow industrials

By Angela McDaniels

Tacoma, Wash., July 8 – Credit Suisse AG, London Branch priced $426,000 of 0% CS notes due Sept. 30, 2024 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange.

If the final index level is greater than or equal to the initial index level, the payout at maturity will be par plus 150% of the index return, subject to a maximum return of 30%.

If the final index level is less than the initial index level but greater than the threshold level, 95% of the initial index level, investors will lose 1% for every 1% that the index declines from its initial level.

If the final index level is less than or equal to the threshold level, the payout will be $950 per $1,000 principal amount of notes.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	CS notes
Underlying index:	Dow Jones industrial average
Amount:	$426,000
Maturity:	Sept. 30, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If final index level is greater than or equal to initial index level, par plus 150% of index return, subject to 30% maximum return; if final index level is less than initial index level but greater than threshold level, 1% loss for every 1% that index declines from initial level; if final index level is less than or equal to threshold level, $950 per $1,000 principal amount of notes
Initial level:	26,548.22
Threshold level:	25,220.809, or 95% of initial level
Pricing date:	June 25
Settlement date:	June 28
Agent:	Credit Suisse Securities (USA) LLC
Fees:	4.125%
Cusip:	22552FHW5

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