New Issue: Credit Suisse sells $1.15 million absolute return buffered securities on S&P, Russell

By Kiku Steinfeld

Chicago, Sept. 15 – Credit Suisse AG, London Branch priced $1.15 million of 0% absolute return buffered securities due March 3, 2023 linked to the lowest performing of the S&P 500 index and the Russell 2000 index, 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 the gain of the worse performing index, up to a 23% maximum return.

If each index finishes at or above the 85% buffer level, the payout will be par plus the absolute value of the worse performing index.

Otherwise, investors will receive 1% for each 1% decline of the least performing index beyond the buffer.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Absolute return buffered securities
Underlying indexes:	S&P 500 and Russell 2000
Amount:	$1,153,000
Maturity:	March 3, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If each index gains, par plus return of worse performing index, up to 23% maximum return; if each index finishes above buffer level, par plus the absolute value of worse performing index; otherwise, exposure to any losses of worse performing index beyond buffer
Initial levels:	3500.31 for S&P and 1561.876 for Russell
Buffer levels:	2975.2635 for S&P, 1327.5946 for Russell; 85% of initial levels
Pricing date:	Aug. 31
Settlement date:	Sept. 3
Agent:	Credit Suisse Securities (USA) LLC
Fees:	1.25%
Cusip:	22552WDZ5

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