New Issue: Credit Suisse prices $1 million contingent coupon autocallables on Euro Stoxx 50

By Marisa Wong

Madison, Wis., Feb. 24 – Credit Suisse AG, London Branch priced $1 million of contingent coupon autocallable yield notes due Feb. 25, 2020 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent annual coupon at a rate of 11.2% if the index closes at or above its barrier level, 90% of its initial level, on the observation date for that year.

The notes will be called at par if the index closes at or above its initial level on any interest payment date.

If the notes are not called, the payout at maturity will be par unless the index finishes below its 90% knock-in level, in which case investors will be fully exposed to any losses.

J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA are the agents.

Issuer:	Credit Suisse AG, London Branch
Issue:	Contingent coupon autocallable yield notes
Underlying index:	Euro Stoxx 50
Amount:	$1 million
Maturity:	Feb. 25, 2020
Coupon:	11.2%, payable annually if index closes at or above its barrier level on observation date for that year
Price:	Par
Payout at maturity:	If index falls below knock-in level, par plus index return, with full exposure to losses; otherwise, par
Call:	At par plus coupon if index closes at or above initial level on any annual interest payment date
Initial level:	3,490.53
Coupon barrier/knock-in:	3,141.477, 90% of initial level
Pricing date:	Feb. 20
Settlement date:	Feb. 25
Agents:	J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
Fees:	3%
Cusip:	22546V5P7

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