By Kiku Steinfeld
Chicago, Jan. 10 – Credit Suisse AG, London Branch priced $3 million of 0% autocallable securities due Nov. 15, 2024 linked to the performance of Boeing Co., Visa Inc. and the iShares MSCI China ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be automatically called at par plus an annualized redemption premium of 14.5% if all underliers close at or above initial levels on any quarterly observation date after one year.
If the notes are not called and the final level of each underlier is greater than or equal to its knock-in level, 70% of its initial level, the payout will be par plus 43.5%.
If the final level of any underlier is less than its knock-in level, investors will lose 1% for each 1% decline of the worst performer from its initial level.
The agent is Credit Suisse Securities (USA) LLC with Morgan Stanley Smith Barney LLC handling distribution
| Issuer: | Credit Suisse AG, London Branch
|
| Issue: | Autocallable securities
|
| Underlying assets: | Boeing Co., Visa Inc. and the iShares MSCI China ETF
|
| Amount: | $3 million
|
| Maturity: | Nov. 15, 2024
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If final level of the worst performing underlier is greater than or equal to its knock-in level, par plus 43.5%; otherwise, 1% loss for each 1% decline of worst performer from initial level
|
| Call: | Automatically at par plus 14.5% annualized redemption premium of if each underlier closes at or above its initial level on any quarterly observation date after one year
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| Initial levels: | $220.96 for Boeing, $212.09 for Visa, $70.66 for ETF
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| Knock-in levels: | $154.67 for Boeing, $148.46 for Visa, $49.46 for ETF; 70% of initial levels
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| Pricing date: | Nov. 12
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| Settlement date: | Nov. 17
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| Agent: | Credit Suisse Securities (USA) LLC with Morgan Stanley Smith Barney LLC as distributor
|
| Fees: | 3%
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| Cusip: | 22551G606
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