New Issue: Credit Suisse prices $884,000 autocallable notes on S&P 500, Euro Stoxx

By Marisa Wong

Morgantown, W.Va., April 27 – Credit Suisse AG, London Branch priced $884,000 of 0% autocallable securities due April 29, 2020 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 12% per year if each index closes at or above its initial level on any annual observation date.

A knock-in event occurs if either index finishes at or below its knock-in level, 70% of its initial level.

If a knock-in event does not occur, the payout at maturity will be par plus 10%. Otherwise, investors will be fully exposed to the decline of the worse performing index.

Credit Suisse Securities (USA) LLC is the underwriter.

Issuer:	Credit Suisse AG, London Branch
Issue:	Autocallable securities
Underlying indexes:	S&P 500 and Euro Stoxx 50
Amount:	$884,000
Maturity:	April 29, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If both indexes finish above knock-in levels, par plus 10%; otherwise, full exposure to decline of worse performing index
Call:	Automatically at par plus 12% per year if each index closes at or above its initial level on any annual observation date
Initial index levels:	2,091.58 for S&P 500 and 3,141.12 for Euro Stoxx
Knock-in levels:	1,464.106 for S&P 500 and 2,198.784 for Euro Stoxx
Pricing date:	April 22
Settlement date:	April 29
Agent:	Credit Suisse Securities (USA) LLC
Fees:	2.6%
Cusip:	22548Q2F1

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