New Issue: Credit Suisse prices $1.77 million step down trigger autocalls tied to Stoxx, S&P 500

By Wendy Van Sickle

Columbus, Ohio, July 16 – Credit Suisse AG, London Branch priced $1.77 million of 0% step down trigger autocallable notes due June 30, 2023 linked to the worse performing of the Euro Stoxx 50 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par of $10 plus an annual call premium of 11.2% if each index closes at or above its initial level on any annual review date after one year or at or above its 70% downside threshold on the final date.

If the notes are not called, the payout at maturity will be par plus the return of the worse performing index with full exposure to any losses.

UBS Financial Services Inc. and Credit Suisse Securities (USA) LLC are the agents.

Issuer:	Credit Suisse AG, London Branch
Issue:	Step down trigger autocallable notes
Underlying indexes:	Euro Stoxx 50 and S&P 500
Amount:	$1,772,000
Maturity:	June 30, 2023
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus the return of the worse performing index with full exposure to any losses
Call:	At par of $10 plus an annual call premium of 11.2% if each index closes at or above its initial level on any annual review date or above downside threshold on final review date
Initial index levels:	2,699.63 for S&P 500 and 3,397.13 for Euro Stoxx 50
Downside thresholds:	1,889.74 for S&P 500, 2,377.99 for Euro Stoxx 50; 70% of initial levels
Pricing date:	June 27
Settlement date:	June 29
Underwriter:	UBS Financial Services Inc. and Credit Suisse Securities (USA) LLC
Fees:	0%
Cusip:	22549M707

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