New Issue: Credit Suisse prices $7.5 million of autocallables tied to three stocks

By Susanna Moon

Chicago, March 1 – Credit Suisse AG, London Branch priced $7.5 million of autocallable securities due Feb. 13, 2020 linked to the least performing of the common stocks of Alphabet, Inc., Microsoft Corp. and Citigroup Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par plus a call premium of 20.25% if each stock closes at or above its initial level on the observation date.

The payout at maturity will be par plus the contingent return of 40.5% unless any stock finishes below its 75% knock-in level, in which case investors will be fully exposed to any losses of the worst performing stock.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Autocallable securities
Underlying assets:	Alphabet, Inc. (Symbol: GOOGL), Microsoft Corp. (Symbol: MSFT) and Citigroup Inc. (Symbol: C)
Amount:	$7.5 million
Maturity:	Feb. 13, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 40.5% unless any stock finishes below knock-in level, in which full exposure to the losses of the worst performing stock
Call:	At par plus 20.25% if each stock closes at or above initial level on Feb. 19, 2019
Initial levels:	$1,055.41 for Alphabet, $89.61 for Microsoft and $74.99 for Citigroup
Knock-in levels:	$791.56 for Alphabet, $67.21 for Microsoft and $56.24 for Citigroup, 75% of initial levels
Strike date:	Feb. 7
Pricing date:	Feb. 8
Settlement date:	Feb. 15
Agent:	Credit Suisse Securities (USA) LLC
Fees:	0.75%
Cusip:	22549E481

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