New Issue: Credit Suisse sells $1.42 million accelerated barrier notes on basket

By Kiku Steinfeld

Chicago, April 26 – Credit Suisse AG, London Branch priced $1.42 million of 0% accelerated barrier notes due Oct. 1, 2026 linked to an unequally-weighted basket, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of S&P 500 index with a 60% weight, Euro Stoxx index with a 20% weight and iShares MSCI Emerging Markets ETF with a 20% weight.

If the basket finishes at or above its initial level, the payout at maturity will be par plus 1.401 times the return of the basket.

If the basket declines but finishes at or above the 85% barrier level, the payout will be par.

Otherwise, investors will be fully exposed to the decline of the basket from its initial level.

The agent is Credit Suisse Securities (USA) LLC.

Issuer:	Credit Suisse AG, London Branch
Issue:	Accelerated barrier notes
Underlying basket:	S&P 500 index (60% weight), iShares MSCI Emerging Markets ETF (20% weight), Euro Stoxx index (20% weight)
Amount:	$1.42 million
Maturity:	Oct. 1, 2026
Coupon:	0%
Price:	Par
Payout at maturity:	If the basket finishes at or above its initial level, par plus 1.401 times the return of the basket; if the basket declines no farther than the barrier level, par; otherwise, investors will be fully exposed to the decline of the basket from its initial level
Initial basket level:	4,443.11 for S&P, 4,165.48 for Stoxx, $51.11 for ETF
Barrier level:	85% of initial level
Pricing date:	Sept. 28, 2021
Settlement date:	Oct. 1, 2021
Agent:	Credit Suisse Securities (USA) LLC
Fees:	0.6%
Cusip:	22552XWK5

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