New Issue: Credit Suisse sells $2.2 million of trigger step performance securities on Euro Stoxx 50

By Wendy Van Sickle

Columbus, Ohio, Dec. 31 – Credit Suisse AG, London branch priced $2.2 million of 0% trigger step performance securities due Dec. 31, 2019 linked to the Euro Stoxx 50 index, according to a 424B2 filed with the Securities and Exchange Commission.

If the index return is zero or positive, the payout at maturity will be par of $10 plus the greater of the step return of 39.5% and the index return.

Investors will receive par if the index declines by 25% or less and will be fully exposed to the index’s decline from its initial level if it declines beyond 25%.

Credit Suisse Securities (USA) LLC and UBS Financial Services Inc. are the agents.

Issuer:	Credit Suisse AG, London branch
Issue:	Trigger step performance securities
Underlying index:	Euro Stoxx 50
Amount:	$2,197,420
Maturity:	Dec. 31, 2019
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If index return is zero or positive, par plus greater of index return and 39.5%; par if index falls by 25% or less; full exposure to losses if index falls more than 25%
Initial level:	3,314.28
Trigger level:	2,485.71, 75% of initial level
Pricing date:	Dec. 29
Settlement date:	Dec. 31
Agents:	Credit Suisse Securities (USA) LLC and UBS Financial Services Inc.
Fees:	3%
Cusip:	22548J176

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