New Issue: Credit Suisse sells $998,000 0% five-year autocalls tied to Stoxx, fund

By Susanna Moon

Chicago, June 4 – Credit Suisse AG, London Branch priced $998,000 of 0% autocallable securities due June 7, 2021 linked to the lesser performing of the iShares MSCI EAFE ETF and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par plus an annual call premium of 12% if each underlying asset closes at or above its initial level on any call observation date after one year.

If each asset finishes at or above its initial level, the payout at maturity will be $1,360 for each $1,000 principal amount.

If either asset falls by up to its 80% downside threshold, the payout at maturity will be par.

Otherwise, investors will be fully exposed to any losses of the worse performing index or fund.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Autocallable securities
Underlying assets:	iShares MSCI EAFE ETF, Euro Stoxx 50 index
Amount:	$998,000
Maturity:	June 7, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	If each asset gains, par plus 36%; if either asset falls by up 20%, par; otherwise, 1% loss for each 1% decline of worse performing index or fund
Call:	At par plus 12% per year if each index closes at or above its initial level on any annual review date beginning May 31, 2019
Initial levels:	3,406.65 for Stoxx, $69.40 for fund
Trigger levels:	2,725.32 for Stoxx, $55.52 for fund, 80% of initial levels
Pricing date:	May 31
Settlement date:	June 5
Agent:	Credit Suisse Securities (USA) LLC
Fees:	3.2%
Cusip:	22550WUE5

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