New Issue: Credit Suisse prices $47.8 million autocallable buffered notes tied to Euro Stoxx 50

By Toni Weeks

San Luis Obispo, Calif., May 20 – Credit Suisse AG, London Branch priced $47.8 million of 0% autocallable buffered notes due May 30, 2018 linked to 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 premium if the index closes at or above the initial level on any of two call observation dates, which are June 22, 2016 and May 23, 2017. The call premium is 8.6125% for the first call observation date and 15.9% for the second call observation date.

If the notes are not called and the final index level is greater than or equal to the initial level, the payout at maturity will be par plus a premium of 23.85%. If the index falls by up to 15%, the payout will be par. Otherwise, investors will lose 1.17647% for every 1% decline beyond 15%.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Autocallable buffered notes
Underlying index:	Euro Stoxx 50
Amount:	$47,802,000
Maturity:	May 30, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is zero or positive, par plus 23.85%; par if index falls by up to 15%; 1.17647% for each 1% decline beyond 15%
Call:	If index closes at or above initial level, par plus 8.6125% on June 22, 2016 or par plus 15.9% on May 23, 2017
Initial level:	3,589.22
Pricing date:	May 18
Settlement date:	May 26
Agent:	Credit Suisse Securities (USA) LLC
Fees:	3%
Cusip:	22546VDQ6

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