New Issue: Credit Suisse prices $1.91 million autocallable securities tied to Russell, S&P

By Wendy Van Sickle

Columbus, Ohio, Feb. 1 – Credit Suisse AG, London Branch priced $1.91 million of 0% autocallable securities due Feb. 1, 2024 linked to the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par plus an annual premium of 11.5% if each index closes at or above its initial level on any annual observation date.

If each index finishes at or above its initial level, the payout at maturity will be par plus 57.5%.

Otherwise, investors will receive par if neither index falls by more than 40% or will be fully exposed to the loss of the lesser performing index if it finishes below 60% of its initial level.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Autocallable securities
Underlying indexes:	Russell 2000, S&P 500
Amount:	$1,913,000
Maturity:	Feb. 1, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If indexes finish above initial level, par plus 57.5%; if laggard index falls by up to 40%, par; full exposure to loss of laggard index if it falls by more than 40%
Call:	Automatically at par plus an annual premium of 11.5% if each index closes at or above its initial level on any annual observation date
Initial levels:	1,471.448 for Russell, 2,640.0 for S&P
Trigger levels:	882.8688 for Russell, 1,548.00 for S&P, 60% of initial levels
Pricing date:	Jan. 29
Settlement date:	Feb. 1
Agent:	Credit Suisse Securities (USA) LLC
Fees:	0.875%
Cusip:	22551LUU2

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