Chicago, Oct. 31 – Credit Suisse AG, London Branch priced $1.06 million of 0% autocallable buffered notes due March 4, 2024 linked to the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be automatically called at par plus 9.93% if the index closes at or above the initial index level on March 8, 2023.
If the notes are not called and the index return is positive, the payout at maturity will be par plus the greater the index return and 19.86%. Investors will receive par if the index falls by up to 10% and will lose 1.1111% for each 1% loss beyond 10%.
Credit Suisse Securities (USA) LLC is the underwriter. Goldman Sachs & Co. LLC is acting as a dealer.
| Issuer: | Credit Suisse AG, London Branch
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| Issue: | Autocallable buffered index-linked notes
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| Underlying index: | Nasdaq-100 index
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| Amount: | $1,063,000
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| Maturity: | March 4, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the notes are not called and the index return is positive, par plus greater of 19.86% and return; par if the index falls by up to 10%; 1.1111% loss for each 1% loss beyond 10%
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| Call: | Automatically at par plus 9.93% if the index closes at or above the initial index level on March 8, 2023
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| Initial level: | 14237.81
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| Buffer level: | 90% of initial level
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| Pricing date: | Feb. 28
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| Settlement date: | March 7
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| Agent: | Credit Suisse Securities (USA) LLC
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| Dealer: | Goldman Sachs & Co. LLC
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| Fees: | 2%
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| Cusip: | 22553PKZ1
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