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Published on 9/21/2018 in the Prospect News Structured Products Daily.

New Issue: Credit Suisse sells $200,000 16% autocallable yield notes on four stocks

By Wendy Van Sickle

Columbus, Ohio, Sept. 21 – Credit Suisse AG, London Branch priced $200,000 of 16% autocallable yield notes due Sept. 17, 2019 linked to the least performing of the common stocks of Amazon.com, Inc., Facebook, Inc., Alphabet Inc. and Netflix, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable quarterly.

The notes will be called at par if each stock closes at or above its initial level on any quarterly trigger observation date.

The payout at maturity will be par unless any stock finishes below its 77% knock-in level, in which case investors will be fully exposed to any losses of the least-performing stock.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:Credit Suisse AG, London Branch
Issue:Autocallable yield notes
Underlying stocks:Amazon.com, Inc., Facebook, Inc., Alphabet Inc. and Netflix, Inc.
Amount:$200,000
Maturity:Sept. 17, 2019
Coupon:16% per year, payable quarterly
Price:Par
Payout at maturity:Par unless any stock finishes below knock-in level, in which full exposure to the losses of the least performing stock
Call:Automatically if each stock closes at or above initial level on any quarterly trigger observation date
Initial prices:$1,987.15 for Amazon.com, $165.94 for Facebook, $1,189.99 for Alphabet, $355.93 for Netflix
Knock-in levels:$1,530.1055 for Amazon.com, $127.7738 for Facebook, $916.2923 for Alphabet, $274.0661 for Netflix; 77% of initial levels
Pricing date:Sept. 12
Settlement date:Sept. 17
Agent:Credit Suisse Securities (USA) LLC
Fees:0.15%
Cusip:22551LBG4

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