New Issue: Credit Suisse sells $1.75 million three-year autocalls tied to Stoxx 50

By Susanna Moon

Chicago, Sept. 25 – Credit Suisse AG, London branch priced $1.75 million autocallable notes due Sept. 20, 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 an annual call premium of 11.7% if the index closes at or above its initial level on either annual call observation date.

If the index finishes at or above its initial level, the payout at maturity will be par plus the contingent return of $351 for each $1,000 principal amount.

If the index closes at or above its 80% knock-in level, the payout will be par.

Otherwise, investors will be fully exposed to any losses.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London branch
Issue:	Autocallable notes
Underlying index:	Euro Stoxx 50
Amount:	$1,296,000
Maturity:	Sept. 20, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	If index gains, par plus 35.1%; if index closes at or above 80% knock-out, par; otherwise, 1% loss for each 1% decline
Call:	At par plus 11.7% per year if index closes at or above its initial level on Sept. 16, 2019 or Sept. 16, 202
Initial level:	3,344.63
Trigger level:	2,675.704, 80% of initial level
Pricing date:	Sept. 14
Settlement date:	Sept. 19
Agent:	Credit Suisse Securities (USA) LLC
Fees:	3.2%
Cusip:	22551LAR1

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