New Issue: Credit Suisse prices $5.1 million trigger absolute return autocallables linked to Delta

By Angela McDaniels

Tacoma, Wash., Aug. 7 – Credit Suisse AG, London Branch priced $5.1 million of 0% trigger absolute return autocallable notes due Aug. 12, 2019 linked to the common stock of Delta Air Lines, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par plus a call premium of 11.75% per year if Delta shares close at or above the initial share price on any quarterly observation date.

If the stock finishes at or above the downside threshold, 70% of the initial share price, the payout at maturity will be par plus the absolute value of the stock return. If the stock finishes below the downside threshold, investors will lose 1% for every 1% that the final share price is less than the initial share price.

UBS Financial Services Inc. is acting as distributor.

Issuer:	Credit Suisse AG, London Branch
Issue:	Trigger absolute return autocallable notes
Underlying stock:	Delta Air Lines, Inc. (Symbol: DAL)
Amount:	$5,104,500
Maturity:	Aug. 12, 2019
Coupon:	0%
Price:	Par of $10.00
Payout at maturity:	If final share price is greater than or equal to downside threshold, par plus absolute value of stock return; otherwise, full exposure to share price decline
Call:	Automatically at par plus 11.75% per year if Delta shares close at or above initial share price on any quarterly observation date
Initial share price:	$50.57
Downside threshold:	$35.40, 70% of initial share price
Pricing date:	Aug. 3
Settlement date:	Aug. 8
Distributor:	UBS Financial Services Inc.
Fees:	1.5%
Cusip:	22549C675

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