New Issue: Credit Suisse prices $37.51 million autocallable market-linked step-up notes on Euro Stoxx

By Wendy Van Sickle

Columbus, Ohio, Dec. 22 – Credit Suisse AG, London Branch priced $37.51 million of 0% autocallable market-linked step-up notes due Dec. 24, 2020 tied to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par of $10 plus a call premium of 13.9% if the index closes at or above the initial level on Jan. 3, 2019 or 27.8% if it closes at or above the initial level on Dec. 12, 2019.

If the index finishes at or above the initial level, the payout at maturity will be par of $10 plus the greater of the step-up payment and the index return. The step-up payment is 30%.

Investors will share in any losses.

BofA Merrill Lynch is the underwriter.

Issuer:	Credit Suisse AG, London Branch
Issue:	Autocallable market-linked step-up notes
Underlying index:	Euro Stoxx 50
Amount:	$37,510,830
Maturity:	Dec. 24, 2020
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If index finishes above step-up value, par plus index return; if index stays flat or gains but finishes at or below step-up value, par plus 30%; exposure to losses
Call:	Automatically at par plus call premium of 13.9% if the index closes at or above the initial level on Jan. 3, 2019 or 27.8% if it closes at or above the initial level on Dec. 12, 2019
Initial index level:	3,570.78
Step-up value:	4,642.01, 130% of initial value
Pricing date:	Dec. 21
Settlement date:	Jan. 2
Underwriter:	BofA Merrill Lynch
Fees:	2%
Cusip:	22548Y702

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