By Wendy Van Sickle
Columbus, Ohio, July 26 – Credit Suisse AG, London Branch priced $55,000 of 0% autocallable securities due July 27, 2022 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus a premium of 8% per year if the index closes at or above its initial level on an annual call date.
If the notes are not called and the index return is zero or positive, the payout at maturity will be par plus the contingent return of 32%.
If the final index level is less than its initial level but not below the 72.5% knock-in level, the payout will be par.
Otherwise, investors will lose 1% for each 1% index decline.
Credit Suisse Securities (USA) LLC is the agent.
| Issuer: | Credit Suisse AG, London Branch
|
| Issue: | Autocallable securities
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| Underlying index: | Euro Stoxx 50
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| Amount: | $55,000
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| Maturity: | July 27, 2022
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index return is zero or positive, par plus 32%; if index falls but does not finish below knock-in level, par; otherwise, 1% loss for each 1% index decline
|
| Call: | At par plus 8% per year if index closes at or above its initial level on an annual review date
|
| Initial level: | 3,483.31
|
| Knock-in level: | 2,525.39975, 72.5% of initial level
|
| Pricing date: | July 24
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| Settlement date: | July 27
|
| Agent: | Credit Suisse Securities (USA) LLC
|
| Fees: | 2.5%
|
| Cusip: | 22550BTV5
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