New Issue: Credit Suisse sells $6.07 million absolute return barrier notes on S&P, Russell

By Tali Rackner

Minneapolis, March 2 – Credit Suisse AG, London Branch priced $6.07 million of 0% absolute return barrier return securities due Feb. 26, 2025 linked to 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 its initial level, the payout at maturity will be par plus 1.4 times the return of the lesser-performing index.

If either index falls by up to its 55% knock-in level, the payout at maturity will be par plus the absolute value of the return of the lesser-performing index.

Otherwise, investors will lose 1% for each 1% decline of the lesser-performing index.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Absolute return barrier return securities
Underlying indexes:	S&P 500 and Russell 2000
Amount:	$6.07 million
Maturity:	Feb. 26, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If each index gains, par plus 1.4 times return of lesser-performing index; if either index falls by up to 45%, par plus absolute return of lesser-performing index; otherwise, 1% loss per 1% decline of lesser-performing index
	Initial index levels:	2,701.33 for S&P and 1,531.836 for Russell
Knock-in levels:	1,485.7315 for S&P and 842.5098 Russell, 55% of initial levels
Pricing date:	Feb. 21
Settlement date:	Feb. 26
Agent:	Credit Suisse Securities (USA) LLC
Fees:	3.5%
Cusip:	22550WEZ6

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