By Sarah Lizee
Olympia, Wash., Oct. 25 – Credit Suisse AG, London Branch priced $735,000 of 0% autocallable securities due Oct. 28, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus a premium of 8% per year if the index closes at or above the initial level on either of the first two annual observation dates.
If the final index level is greater than or equal to the initial level, the payment at maturity will be the par plus 24%.
Investors will be exposed to any losses.
Credit Suisse Securities (USA) LLC is the agent.
| Issuer: | Credit Suisse AG, London Branch
|
| Issue: | Autocallable securities
|
| Underlying index: | S&P 500
|
| Amount: | $735,000
|
| Maturity: | Oct. 28, 2021
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index return is greater than or equal to initial level, par plus 24%; otherwise, 1% loss for each 1% index decline
|
| Call: | At par plus 8% per year if index closes at or above its initial level on either of the first two annual observation dates
|
| Initial level: | 2,755.88
|
| Pricing date: | Oct. 22
|
| Settlement date: | Oct. 25
|
| Agent: | Credit Suisse Securities (USA) LLC
|
| Fees: | 2.625%
|
| Cusip: | 22551LGY0
|
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