New Issue: Credit Suisse prices $1 million review notes on three indexes

By Sarah Lizee

Olympia, Wash., March 9 – Credit Suisse AG, London Branch priced $1 million of 0% review notes due March 3, 2023 linked to the least performing the S&P 500 index, the Dow Jones industrial average and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par plus a call premium of 6.75% per year if each underlying index closes at or above its initial level on the first review date or at or above its 70% barrier level on the final review date.

If the notes are not called, the payout at maturity will be par plus the return of the worst performing index.

J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA are the placement agents.

Issuer:	Credit Suisse AG, London Branch
Issue:	Review notes
Underlying assets:	S&P 500 index, Dow Jones industrial average and Euro Stoxx 50 index
Amount:	$1 million
Maturity:	March 3, 2023
Price:	Par
Payout at maturity:	1% loss for each 1% decline of worse performing index
Call:	At par plus 6.75% per year if each underlying index closes at or above its initial level on the first review date or at or above its barrier level on the final review date
Initial levels:	2,978.76 for S&P, 25,766.64 for Dow, 3,455.92 for Stoxx
Barrier levels:	2,085.13 for S&P, 18,036.65 for Dow, 2,419.14 for Stoxx, 70% of initial levels
Pricing date:	Feb. 27
Settlement date:	March 3
Agents:	J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
Fees:	2%
Cusip:	22551NSW7

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