New Issue: Credit Suisse sells $2 million autocallable securities on Russell, Stoxx

By Wendy Van Sickle

Columbus, Ohio, Oct. 22 – Credit Suisse AG, London Branch priced $2 million of 0% autocallable securities due Oct. 19, 2022 linked to the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be automatically called at par plus an annualized redemption premium of 9.85% if each underlying index closes at or above its initial level, on any annual review date.

If the notes are not called, the payout at maturity will be the contingent return of 39.4% unless either underlying index finishes below its knock-in level, 70% of its initial level. Otherwise, investors will lose 1% for each 1% decline of the least-performing index from its initial level.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Autocallable securities
Underlying indexes:	Russell 2000, Euro Stoxx 50
Amount:	$1,995,000
Maturity:	Oct. 19, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	39.4% if neither index has finished below 70% knock-in level; otherwise, 1% loss for each 1% decline of the lesser performing index from its initial level
Call:	Automatically at par plus annualized redemption premium of 9.85% if each underlying closes at or above its initial level on any annual review date
Initial levels:	1,546.679 for Russell, 3,194.41 for Stoxx
Knock-in levels:	1,082.6753 for Russell, 2,236.087 for Stoxx; 70% of initial levels
Pricing date:	Oct. 12
Settlement date:	Oct. 19
Agent:	Credit Suisse Securities (USA) LLC
Fees:	0%
Cusip:	22551LER7

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