New Issue: Credit Suisse sells $6.84 million autocallable coupon buffered notes on S&P, Russell

By Wendy Van Sickle

Columbus, Ohio, March 9 – Credit Suisse AG, London Branch priced $6.84 million of 6.25% autocallable coupon buffered securities due Aug. 25, 2022 linked to the S&P 500 index and the Russell 2000 index, 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 index closes at or above its initial level on semiannual trigger observation date.

The payout at maturity will be par unless either index’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 index declines beyond 20%.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Autocallable coupon buffered securities
Underlying indexes:	S&P 500 and Russell 2000 index
Amount:	$6,835,000
Maturity:	Aug. 25, 2022
Coupon:	6.25%, payable semiannually
Price:	Par
Payout at maturity:	Par unless either index’s final level is less than 80% of its initial level, in which case 1.25% loss for each 1% that lesser-performing index declines beyond 20%
Call:	Automatically at par if each index closes at or above initial level on semiannual trigger observation date
Initial levels:	3,906.71 for S&P 500 and 2,266.689 for Russell 2000
Buffer levels:	3,125.368 for S&P 500 and 1,813.3512 for Russell 2000, 80% of initial levels
Pricing date:	Feb. 22
Settlement date:	Feb. 25
Agent:	Credit Suisse Securities (USA) LLC
Fees:	0.2%
Cusip:	22552XD59

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