New Issue: Credit Suisse prices $31.77 million 4.17% autocallable coupon buffered notes tied to S&P 500

By Wendy Van Sickle

Columbus, Ohio, Sept. 3 – Credit Suisse AG, London Branch priced $31.77 million of 4.17% autocallable coupon buffered securities due Sept. 3, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable semiannually.

The notes will be called at par plus the coupon if the index closes at or above the initial level on any semiannual call observation date after one year.

The payout at maturity will be par unless the index closes below the 80% buffer, in which case investors will lose 1.25% for each 1% loss beyond the buffer.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London branch
Issue:	Autocallable coupon buffered notes
Underlying index:	S&P 500
Amount:	$31,774,000
Maturity:	Sept. 3, 2024
Coupon:	4.17% annualized, payable semiannually
Price:	Par
Payout at maturity:	If index finishes at or above negative 20% buffer level, par; otherwise, 1.25% loss for each 1% index decline beyond buffer
Call:	At par plus a coupon if index closes at or above initial level on any semiannual call date after one year
Initial level:	3,500.31
Buffer level:	2,800.25, 80% of initial level
Pricing date:	Aug. 31
Settlement date:	Sept. 3
Agent:	Credit Suisse Securities (USA) LLC
Fees:	0%
Cusip:	22552WFY6

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