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Published on 4/18/2018 in the Prospect News Structured Products Daily.

New Issue: Credit Suisse prices $12.88 million contingent income autocallables on Amazon

By Tali Rackner

Minneapolis, April 18 – Credit Suisse AG priced $12.88 million of autocallable contingent income securities due April 16, 2021 linked to the common stock of Amazon.com, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 11% if the stock closes at or above its 75% coupon barrier on the related observation date.

The notes will be called at par of $10 plus the contingent coupon if the stock closes at or above its initial share price on any observation date beginning July 13.

The payout at maturity will be par plus the contingent coupon unless the stock finishes below its 75% downside threshold, in which case investors will be fully exposed to any losses.

Credit Suisse Securities (USA) LLC is the agent. Morgan Stanley Smith Barney LLC is handling distribution.

Issuer:Credit Suisse AG
Issue:Autocallable contingent income securities
Underlying stock:Amazon.com, Inc. (Symbol: AMZN)
Amount:$12,876,470
Maturity:April 16, 2021
Coupon:11% per year, payable quarterly if Amazon stock closes at or above coupon barrier on quarterly observation date
Price:Par
Payout at maturity:If stock finishes at or above downside threshold, par; otherwise, full exposure to decline
Call:At par if Amazon shares close at or above initial price on any observation date beginning July 13
Initial share price:$1,430.79
Coupon barrier/downside threshold:$1,073.09; 75% of initial share price
Pricing date:April 13
Settlement date:April 18
Agent:Credit Suisse Securities (USA) LLC
Distribution:Morgan Stanley Smith Barney LLC
Fees:2.5%
Cusip:22549M269

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