New Issue: Credit Suisse prices $4.9 million autocallable buffered accelerated return notes on S&P

By Wendy Van Sickle

Columbus, Ohio, Feb. 9 – Credit Suisse AG, London Branch priced $4.9 million of 0% autocallable buffered accelerated return equity securities due Feb. 11, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be automatically called at par plus a 12% call premium if the index finishes at or above its initial level on Feb. 16, 2024.

If the notes are not called, the payout at maturity will be par plus 125% of the gain of the index. If the index falls but the index finishes at or above 80% of its initial level, the payout will be par. Otherwise, investors will lose 1% for the 1% decline of the index beyond the 20% buffer.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Autocallable buffered accelerated return equity securities
Underlying index:	S&P 500
Amount:	$4,898,000
Maturity:	Feb. 11, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 125% of any gain; if the index falls but the finishes at or above buffer level, par; otherwise, 1% loss for the 1% decline beyond buffer
Call:	At par plus 12% if the index finishes at or above its initial level on Feb. 16, 2024
Initial levels:	4,111.08
Buffer amount:	3,288.864, 80%
Pricing date:	Feb. 6
Settlement date:	Feb. 10
Agent:	Credit Suisse Securities (USA) LLC
Fees:	0.75%
Cusip:	22553QQL4

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