New Issue: Credit Suisse prices $13.58 million autocallable coupon buffered notes tied to EAFE ETF, Russell

By Wendy Van Sickle

Columbus, Ohio, March 16 – Credit Suisse AG, London Branch priced $13.58 million of 5.5% autocallable coupon buffered securities due Sept. 15, 2022 linked to the Russell 2000 index and the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable semiannually.

The notes will be automatically called at par if each underlier closes at or above its initial level on Sept. 10, 2021 or March 10, 2022.

The payout at maturity will be par unless either underlier’s final level is less than 80% of its initial level, in which case investors will lose 1.25% for each 1% that the lesser-performing underlier declines beyond 20%.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Autocallable coupon buffered notes
Underliers:	Russell 2000 index and iShares MSCI EAFE ETF
Amount:	$13,576,000
Maturity:	Sept. 15, 2022
Coupon:	5.5%, payable semiannually
Price:	Par
Payout at maturity:	Par unless either underlier’s final level is less than 80% of its initial level, in which case 1.25% loss for each 1% that lesser-performing underlier declines beyond 20%
Call:	Automatically at par if each underlier closes at or above initial level on Sept. 10, 2021 or March 10, 2022
Initial levels:	2,245.059 for index and $75.37 for ETF
Buffer levels:	1,792.0472 for index and $60.29 for ETF; 80% of initial levels
Pricing date:	March 10
Settlement date:	March 15
Agent:	Credit Suisse Securities (USA) LLC
Fees:	0.2%
Cusip:	22552XG49

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