New Issue: Credit Suisse sells $639,000 three-year CS notes linked to S&P 500

By Marisa Wong

Morgantown, W.Va., Feb. 5 – Credit Suisse AG, London Branch priced $639,000 of 0% CS notes due Feb. 2, 2022 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange.

A barrier event will occur if the index closes above the upper barrier, 124% of the initial level, or below the lower barrier, 76% of the initial level, on any day during the life of the notes.

If a barrier event has occurred, the payout at maturity will be par plus 5%.

If a barrier event has not occurred, the payout will be par plus the absolute value of the index return. In this case the payout is capped at par plus 24%.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	CS notes
Underlying index:	S&P 500
Amount:	$639,000
Maturity:	Feb. 2, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If the index closes above the upper barrier or below the lower barrier on any day during the life of the notes, par plus 5%; otherwise par plus the absolute value of the index return, capped at par plus 24%
Initial level:	2,643.85
Upper barrier:	3,278.374, 124% of initial level
Lower barrier:	2,009.326, 76% of initial level
Pricing date:	Jan. 28
Settlement date:	Jan. 31
Agent:	Credit Suisse Securities (USA) LLC
Fees:	2.55%
Cusip:	22551LSG6

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