New Issue: Credit Suisse sells $1.6 million autocallable securities on S&P 500, Euro Stoxx 50

By Wendy Van Sickle

Columbus, Ohio, May 16 – Credit Suisse AG, London Branch priced $1.6 million of 0% autocallable securities due May 16, 2022 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 10.2% a year if each underlying index closes at or above its initial level on any annual observation date.

If each index finishes at or above its 65% knock-in level, the payout at maturity will be par plus 40.8%. 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:	$1.6 million
Maturity:	May 16, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If each index finishes at or above its knock-in level, par plus 40.8%; otherwise, 1% loss for each 1% decline of the lesser-performing index
Call:	Automatically at par plus a premium of 10.2% a year if each underlying index closes at or above its initial level on any annual observation date
Initial index levels:	2,727.72 for S&P, 3,565.52 for Euro Stoxx
Knock-in levels:	1,773.018 for S&P, 2,317.588 for Euro Stoxx; 65% of initial levels
Agent:	Credit Suisse Securities (USA) LLC
Pricing date:	May 11
Settlement date:	May 16
Fees:	3%
Cusip:	22550WTJ6

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