New Issue: Credit Suisse sells $3.7 million step down trigger autocalls on Stoxx, MSCI EM

By Sarah Lizee

Olympia, Wash., Oct. 15 – Credit Suisse AG, London branch priced $3.7 million of 0% step down trigger autocallable notes due Oct. 15, 2021 linked to the least performing of the MSCI Emerging Markets index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par of $10 plus an annual call premium of 9.6% if each index closes at or above its initial level on any annual review date after one year or at or above its 65% downside threshold on the final date.

If the notes are not called, the payout at maturity will be par plus the return of the worse performing index with full exposure to any losses.

UBS Financial Services Inc. and Credit Suisse Securities (USA) LLC are the agents.

Issuer:	Credit Suisse AG, London branch
Issue:	Step down trigger autocallable notes
Underlying indexes:	MSCI Emerging Markets and Euro Stoxx 50
Amount:	$3,702,500
Maturity:	Oct. 15, 2021
Price:	Par of $10
Coupon:	0%
Payout at maturity:	Par plus return with 1% loss per 1% decline of worse performing index
Call:	At par plus 9.6% per year if index closes at or above its initial level on any annual review date after one year or above 65% downside threshold on final date
Initial levels:	3,266.90 for Stoxx, 985.67 for EM
Downside thresholds:	2,123.49 for Stoxx, 640.69 for EM, 65% of initial levels
Pricing date:	Oct. 10
Settlement date:	Oct. 15
Agents:	UBS Financial Services Inc. and Credit Suisse Securities (USA) LLC
Fees:	None
Cusip:	22549R524

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