New Issue: Credit Suisse prices $1.26 million autocallables linked to S&P 500, Euro Stoxx 50

By Angela McDaniels

Tacoma, Wash., Sept. 23 – Credit Suisse AG, London Branch priced $1.26 million of 0% autocallable securities due Sept. 25, 2019 linked to the S&P 500 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be automatically called at par plus 13% per year if each index closes at or above its initial index level on any annual observation date.

If the notes are not called and each index finishes above its knock-in level, 70% of its initial level, the payout at maturity will be par plus 10%. If either index finishes at or below its knock-in level, investors will be fully exposed to the decline of the lesser-performing index.

Credit Suisse Securities (USA) LLC is the underwriter.

Issuer:	Credit Suisse AG, London Branch
Issue:	Autocallable securities
Underlying indexes:	S&P 500, Euro Stoxx 50
Amount:	$1,259,000
Maturity:	Sept. 25, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	If notes are not called and each index finishes above knock-in level, par plus 10%; if either index finishes at or below knock-in level, full exposure to decline of lesser-performing index
Call:	Automatically at par plus 13% per year if each index closes at or above initial index level on any annual observation date
Initial index levels:	1,958.03 for S&P 500 and 3,157.30 for Euro Stoxx 50
Knock-in levels:	1,370.621 for S&P 500 and 2,210.11 for Euro Stoxx 50, 70% of initial levels
Pricing date:	Sept. 18
Settlement date:	Sept. 25
Underwriter:	Credit Suisse Securities (USA) LLC
Fees:	2.7%
Cusip:	22546VKZ8

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