New Issue: Credit Suisse sells $861,000 five-year CS notes linked to S&P 500

By Marisa Wong

Morgantown, W.Va., Feb. 5 – Credit Suisse AG, London Branch priced $861,000 of 0% CS notes due Feb. 1, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange.

The payout at maturity will be par plus 150% of any index gain, capped at par plus 40%.

If the index falls, investors will lose 1% for every 1% index decline, subject to a floor of 95% of par.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	CS notes
Underlying index:	S&P 500
Amount:	$861,000
Maturity:	Feb. 1, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 150% of any index gain, capped at par plus 40%; 1% for every 1% index decline, subject to a floor of 95% of par
Initial level:	2,643.85
Threshold level:	2,511.6575, 95% of initial level
Pricing date:	Jan. 28
Settlement date:	Jan. 31
Agent:	Credit Suisse Securities (USA) LLC
Fees:	4.125%
Cusip:	22551LRH5

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