New Issue: Credit Suisse sells $10 million autocallable securities on three stocks

By Wendy Van Sickle

Columbus, Ohio, May 23 – Credit Suisse AG, London Branch priced $10 million of 0% autocallable securities due May 26, 2021 linked to the lowest performing of the common stocks of Apple Inc., General Electric Co. and Procter & Gamble Co., according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be automatically called at par plus a premium of 13% a year if each underlying stock closes at or above its initial level on any annual observation date.

If each stock finishes at or above its 60% knock-in level, the payout at maturity will be par plus 39%. Otherwise, investors will lose 1% for each 1% decline of the least-performing stock.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Autocallable securities
Underlying stocks:	Apple Inc., General Electric Co. and Procter & Gamble Co.
Amount:	$10 million
Maturity:	May 26, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	If each stock finishes at or above its knock-in level, par plus 39%; otherwise, 1% loss for each 1% decline of the least-performing stock
Call:	Automatically at par plus a premium of 13% a year if each underlying stock closes at or above its initial level on any annual observation date
Initial levels:	$186.31 for Apple, $14.97 for GE, $73.45 for P&G
Knock-in levels:	$111.79 for Apple, $8.98 for GE, $44.07 for P&G; 60% of initial levels
Agent:	Credit Suisse Securities (USA) LLC
Strike date:	May 18
Pricing date:	May 21
Settlement date:	May 24
Fees:	0.9%
Cusip:	22549M574

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