By Susanna Moon
Chicago, Sept. 2 – Credit Suisse AG, London Branch priced $11 million of 0% market-linked step-up notes due Aug. 30, 2019 tied to a basket of two equally weighted indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The underlying components are the Euro Stoxx 50 index and the Dow Jones industrial average.
If the basket finishes above the step-up level – 125.8% of the initial value – the payout at maturity will be par plus the return.
If the basket gains by up to the step-up level, the payout will be par plus the step-up payment of 25.8%.
Investors will receive par if the basket falls by up to 10% and will be exposed to any losses beyond 10%.
BofA Merrill Lynch is the agent.
| Issuer: | Credit Suisse AG, London Branch
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| Issue: | Market-linked step-up notes
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| Underlying basket: | Euro Stoxx 50 index and the Dow Jones industrial average, equally weighted
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| Amount: | $11,002,250
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| Maturity: | Aug. 30, 2019
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | If basket finishes above step-up level, par plus gain; if basket gains up to step-up value, par plus 25.8%; par if basket falls by up to 10%; exposure to any losses beyond 10%
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| Step-up level: | 125.8% of initial level
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| Pricing date: | Aug. 27
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| Settlement date: | Sept. 3
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| Agent: | BofA Merrill Lynch
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| Fees: | 2.5%
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| Cusip: | 22548D450
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