By Marisa Wong
Morgantown, W.Va., Oct. 26 – Credit Suisse AG, London Branch amended the call premium for its recently priced $1.63 million of 0% autocallable securities due Oct. 19, 2023 linked to the Euro Stoxx 50 index, according to an amended 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus a premium of 17.5% per year if the index closes at or above the initial level on any annual observation date. A previous 424B2 filing stated that the call premium was 17.1% per year.
If the final index level is greater than or equal to the initial level, the payment at maturity will be the par plus the greater of the index return and the contingent return of 50%.
Investors will be 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: | $1,625,000
|
| Maturity: | Oct. 19, 2023
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index return is zero or positive, par plus the greater of the index return and 50%; otherwise, 1% loss for each 1% index decline
|
| Call: | At par plus 17.5% per year if index closes at or above its initial level on any annual observation date
|
| Initial level: | 3,210.37
|
| Pricing date: | Oct. 15
|
| Settlement date: | Oct. 18
|
| Agent: | Credit Suisse Securities (USA) LLC
|
| Fees: | 0.7%
|
| Cusip: | 22551LF62
|
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