New Issue: Credit Suisse sells $3.19 million step-down trigger autocalls on EM index, Stoxx

By Sarah Lizee

Olympia, Wash., May 16 – Credit Suisse AG, London Branch priced $3.19 million of 0% step-down trigger autocallable notes due May 14, 2024 linked to the lowest performing of the MSCI Emerging Markets index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par plus a call return of 8.65% per year if each index closes at or above its initial level on any quarterly observation date or at or above its 60% downside threshold on the final valuation date.

If the notes are not called, investors will be fully exposed to any losses of the worse performing index.

Credit Suisse Securities (USA) LLC and UBS Financial Services Inc. are the agents.

Issuer:	Credit Suisse AG, London Branch
Issue:	Step-down trigger autocallable notes
Underlying indexes:	MSCI Emerging Markets, Euro Stoxx 50
Amount:	$3,194,000
Maturity:	May 14, 2024
Coupon:	0%
Price:	Par
Call:	At par plus a call return of 8.65% per year if each index closes at or above its initial level on any quarterly observation date or at or above its downside threshold on the final valuation date
Payout at maturity:	Full exposure to any losses of the worse performing index
Initial levels:	3,361.05 for Stoxx, 1,033.44 for EM
Downside thresholds:	2,016.63 for Stoxx, 620.06 for EM; 60% of initial levels
Pricing date:	May 10
Settlement date:	May 15
Distributor:	Credit Suisse Securities (USA) LLC and UBS Financial Services Inc.
Fees:	None
Cusip:	22550F427

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