New Issue: Credit Suisse prices $733,000 three-year autocallables tied to Stoxx 50

By Susanna Moon

Chicago, June 15 – Credit Suisse AG, London Branch priced $733,000 of 0% autocallable securities due June 2, 2020 linked to 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 11.25% per year if each index closes at or above its initial level on either annual trigger observation date.

The payout at maturity will be par plus the contingent return unless the index finishes below its initial level, in which case investors will be fully exposed to any losses.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Autocallable securities
Underlying index:	Euro Stoxx 50
Amount:	$733,000
Maturity:	June 2, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 33.75% unless index falls, in which case exposure to any decline
Call:	At par plus annual premium of 11.25% if index closes at or above initial level on June 6, 2018 or May 29, 2019
Initial index level:	3,561.22
Pricing date:	May 30
Settlement date:	June 2
Agent:	Credit Suisse Securities (USA) LLC
Fees:	3.2%
Cusip:	22550B5A7

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.