New Issue: Credit Suisse prices $8 million review notes on S&P 500, Euro Stoxx 50

By Marisa Wong

Morgantown, W.Va., Aug. 17 – Credit Suisse AG, London Branch priced $8 million of 0% review notes due Aug. 18, 2020 linked to the lesser performing of the S&P 500 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par plus a premium of 14.4% per year if each index closes at or above its initial level on an annual review date.

If the notes are not called and the final level of each index is not less than its initial level by more than 25%, the payout at maturity will be par. Otherwise, investors will be full exposed to the decline of the lesser performing index.

J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA are the agents.

Issuer:	Credit Suisse AG, London Branch
Issue:	Review notes
Underlying indexes:	S&P 500 and Euro Stoxx 50
Amount:	$8 million
Maturity:	Aug. 18, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If final level of each index is not less than its initial level by more than 25%, par; otherwise, investors will be full exposed to the decline of the lesser performing index
Call:	Automatically at par plus a premium of 14.4% per year if each index closes at or above its initial level on an annual review date
Initial index levels:	2,083.39 for S&P 500 and 3,516.15 for Euro Stoxx
Knock-out levels:	1,562.5425 for S&P 500 and 2,637.1125 for Euro Stoxx; 75% of initial levels
Pricing date:	Aug. 13
Settlement date:	Aug. 18
Agents:	J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
Fees:	3%
Cusip:	22546VK70

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