New Issue: Credit Suisse sells $255,000 6.75% autocallable yield notes on indexes

By Sarah Lizee

Olympia, Wash., Oct. 30 – Credit Suisse AG, London Branch priced $255,000 of 6.75% autocallable yield notes due Jan. 31, 2020 linked to the lesser performing of the S&P 500 index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable quarterly.

The notes will be called at par if each index closes above its initial level on any quarterly trigger observation date after six months.

The payout at maturity will be par unless either index finishes below its 75% knock-in level, in which case investors will be fully exposed to any losses of the lesser-performing index.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Autocallable yield notes
Underlying indexes:	S&P 500 and Nasdaq-100
Amount:	$255,000
Maturity:	Jan. 31, 2020
Coupon:	6.75% per year, payable quarterly
Price:	Par
Payout at maturity:	Par unless either index finishes below its knock-in, in which case full exposure to any losses of the lesser-performing index
Call:	At par if each index closes above its initial level on any quarterly trigger observation date after six months
Initial levels:	2,658.69 for S&P and 6,852.404 for Nasdaq-100
Knock-in levels:	1,994.0175 for S&P and 5,139.303 for Nasdaq-100; 75% of initial levels
Pricing date:	Oct. 26
Settlement date:	Oct. 30
Agent:	Credit Suisse Securities (USA) LLC
Fees:	2.5%
Cusip:	22551LDL1

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