New Issue: Credit Suisse sells $1 million autocallable securities on S&P 500, Euro Stoxx 50

By Marisa Wong

Morgantown, W.Va., March 26 – Credit Suisse AG, London Branch priced $1 million of 0% autocallable securities due March 23, 2020 linked to the lowest performing of 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 a premium of 11.05% if each underlying index closes at or above its initial level on March 21, 2019.

If each index finishes at or above its 80% knock-in level, the payout at maturity will be par plus 22.1%. Otherwise, investors will lose 1% for each 1% decline of the lesser-performing index.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Autocallable securities
Underlying indexes:	S&P 500, Euro Stoxx 50
Amount:	$1 million
Maturity:	March 23, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If each index finishes at or above its knock-in level, par plus 22.1%; otherwise, 1% loss for each 1% decline of the lesser-performing index
Call:	Automatically at par plus a premium of 11.05% if each underlying index closes at or above its initial level on March 21, 2019
Initial index levels:	2,716.94 for S&P, 3,412.08 for Euro Stoxx
Knock-in levels:	2,173.552 for S&P, 2,729.66 for Euro Stoxx; 80% of initial levels
Agent:	Credit Suisse Securities (USA) LLC
Pricing date:	March 20
Settlement date:	March 23
Fees:	1.25%
Cusip:	22550WL62

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