Chicago, Aug. 21 – Credit Suisse AG, London Branch priced $197,000 of 0% CS notes due July 29, 2026 linked to the Credit Suisse US Balanced 5% ER index, according to a 424B2 filing with the Securities and Exchange.
The notes will be automatically redeemed if the closing level of the index finishes at or above the trigger level on an annual trigger observation date. The trigger level will start at 102.5% of the initial level of the index and will increase each year by 2.5%, rising to 115% on July 24, 2025. The notes will be redeemed at par plus a 5% annual redemption payment.
At maturity, if the final level is greater than the initial level, investors will receive par plus 150% of the index return.
If the index decreases, investors will receive par.
Credit Suisse Securities (USA) LLC is the agent.
| Issuer: | Credit Suisse AG, London Branch
|
| Issue: | CS notes
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| Underlying index: | Credit Suisse US Balanced 5% ER
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| Amount: | $197,000
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| Maturity: | July 29, 2026
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 150% times any index gain; if index remains flat or declines, par
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| Call: | At par plus 5% per year if index closes above increasing annual trigger level; trigger level starts at 102.5% on July 24, 2020 and increases each year ending at 115% on July 24, 2025
|
| Initial level: | 228.6082
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| Pricing date: | July 24
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| Settlement date: | July 29
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| Agent: | Credit Suisse Securities (USA) LLC
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| Fees: | 4.5%
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| Cusip: | 22552FM58
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