New Issue: Credit Suisse sells $535,000 contingent coupon autocallable yield notes on Invesco

By Wendy Van Sickle

Columbus, Ohio, Aug. 3 – Credit Suisse AG, London Branch priced $535,000 of contingent coupon autocallable yield notes due Aug. 7, 2019 linked to the common stock of Invesco Ltd., according to a 424B2 filing with the Securities and Exchange Commission.

Each quarter the notes will pay a contingent coupon at an annual rate of 8.3% if the stock closes at or above the coupon barrier, 75% of the initial level, for that quarter.

The notes will be called at par plus the contingent coupon if stock closes at or above its initial price on Oct. 31, Jan. 31, 2019 or April 30, 2019.

The payout at maturity will be par unless the shares close below the 75% knock-in level, in which case investors will lose 1% for each 1% decline.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Contingent coupon autocallable yield notes
Underlying stock:	Invesco Ltd.
Amount:	$535,000
Maturity:	Aug. 7, 2019
Contingent payment:	8.3% per year, payable quarterly if stock closes at or above coupon barrier level on observation date for that quarter
Price:	Par
Payout at maturity:	Par unless stock falls below knock-in level, in which case investors will lose 1% for each 1% decline.
Call:	Automatically at par plus contingent payment if stock closes at or above initial price on Oct. 31, Jan. 31, 2019 or April 30, 2019
Initial price:	$27.36
Coupon barrier/knock-in level:	$20.52, 75% of initial price
Pricing date:	July 31
Settlement date:	Aug. 7
Agent:	Credit Suisse Securities (USA) LLC
Fees:	1%
Cusip:	22549JVY3

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