New Issue: Credit Suisse sells $5 million autocallable securities on Euro Stoxx Banks

By Wendy Van Sickle

Columbus, Ohio, May 26 – Credit Suisse AG, London Branch, priced $5 million of 0% autocallable securities due May 29, 2020 linked to the Euro Stoxx Banks index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par plus a premium of 10.9% a year if the index closes at or above its initial level on May 25, 2018 or May 25, 2019.

If the index return is at least negative 30%, the payout at maturity will be par plus 32.7%. Otherwise, investors will lose 1% for each 1% decline.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Autocallable securities
Underlying index:	Euro Stoxx Banks
Amount:	$5 million
Maturity:	May 29, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is at least negative 30%, par plus 32.7%; otherwise, investors will lose 1% for each 1% decline
Call:	At par plus 10.9% per year if index closes at or above its initial level on May 25, 2018 or May 25, 2019
Initial level:	135.52
Knock-in level:	94.86, 70% of initial level
Pricing date:	May 24
Settlement date:	May 30
Agents:	Credit Suisse Securities (USA) LLC
Fees:	1%
Cusip:	22550B5S8

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