New Issue: Credit Suisse prices $252,500 trigger step securities on S&P 500

By Marisa Wong

Morgantown, W.Va., Sept. 5 – Credit Suisse AG, London Branch priced $252,500 of 0% trigger step securities due Aug. 31, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is zero or positive, the payout at maturity will be par of $10 plus the greater of the index return and the step return of 29.5%.

Investors will receive par if the index declines by 25% or less and will lose 1% for each 1% decline from its initial level if the index falls more than 25%.

Credit Suisse Securities (USA) LLC and UBS Financial Services Inc. are the agents.

Issuer:	Credit Suisse AG, London Branch
Issue:	Trigger step securities
Underlying index:	S&P 500
Amount:	$252,500
Maturity:	Aug. 31, 2021
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If index return is zero or positive, par plus greater of 29.5% and return; par if index declines by up to 25%; 1% loss for each 1% decline if index falls beyond 25%
Initial level:	2,444.24
Downside threshold:	1,833.18, 75% of initial level
Pricing date:	Aug. 28
Settlement date:	Aug. 31
Agents:	Credit Suisse Securities (USA) LLC and UBS Financial Services Inc.
Fees:	None
Cusip:	22549C667

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