New Issue: Credit Suisse sells $500,000 autocallable securities on Euro Stoxx 50

By Marisa Wong

Morgantown, W.Va., Sept. 18 – Credit Suisse AG, London Branch priced $500,000 of 0% autocallable securities due Aug. 31, 2021 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 14.05% per year if the index closes at or above its initial level on Aug. 28, 2019 or Aug. 27, 2020.

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 42.15%.

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
Underlying index:	Euro Stoxx 50
Amount:	$500,000
Maturity:	Aug. 31, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is zero or positive, par plus 42.15%; otherwise, 1% loss for each 1% index decline
Call:	At par plus 14.05% per year if index closes at or above its initial level on Aug. 28, 2019 or Aug. 27, 2020
Initial level:	3,456.13
Pricing date:	Aug. 29
Settlement date:	Aug. 31
Agent:	Credit Suisse Securities (USA) LLC
Fees:	2.35%
Cusip:	22551L5E6

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.