By Marisa Wong
Morgantown, W.Va., Nov. 28 – Credit Suisse AG, London Branch priced $8.74 million of 0% autocallable market-linked step-up notes due Nov. 21, 2019 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 call premium of 16.5% per year if the index closes at or above its initial level on any annual observation date.
If the index finishes above the step-up value – 130% of the initial level – the payout at maturity will be par of $10 plus the index gain.
If the index gains by up to the step-up level, the payout will be par plus the step-up payment of 30%.
Investors will be fully exposed to any losses.
BofA Merrill Lynch is the agent.
| Issuer: | Credit Suisse AG, London Branch
|
| Issue: | Autocallable market-linked step-up notes
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $8,743,640
|
| Maturity: | Nov. 21, 2019
|
| Coupon: | 0%
|
| Price: | Par of $10.00
|
| Payout at maturity: | If the index finishes above the step-up value, par plus the index gain; if the index finishes at or below the step-up level but at or above the initial level, par plus 30%; full exposure to losses
|
| Call: | At par plus 16.5% per year if the index closes at or above its initial level on any annual observation date
|
| Initial level: | 3,044.33
|
| Step-up value: | 3,957.63, 130% of initial level
|
| Pricing date: | Nov. 22
|
| Settlement date: | Nov. 30
|
| Underwriter: | BofA Merrill Lynch
|
| Fees: | 2%
|
| Cusip: | 22549J704
|
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