New Issue: Credit Suisse sells $3.2 million autocallable coupon buffered notes on S&P, Nasdaq

By Taylor Fox

New York, Nov. 20 – Credit Suisse AG, London Branch priced $3.2 million of 7% autocallable coupon buffered securities due May 5, 2022 linked to the S&P 500 index and the Nasdaq-100 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 any 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 Nasdaq-100 index
Amount:	$3,197,000
Maturity:	May 5, 2022
Coupon:	7%, 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 any semiannual trigger observation date
Initial levels:	3,269.96 for S&P 500 and 11,052.95 for Nasdaq
Buffer levels:	2,615.968 for S&P 500 and 8,842.36 for Nasdaq, 80% of initial levels
Pricing date:	Nov. 2
Settlement date:	Nov. 5
Agent:	Credit Suisse Securities (USA) LLC
Fees:	0.2%
Cusip:	22552WS63

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