New Issue: Credit Suisse prices $10 million two-year review notes on stocks, fund

By Susanna Moon

Chicago, Oct. 12 – Credit Suisse AG, London Branch priced $10 million of 0% review notes due Sept. 28, 2020 linked to the least performing of the VanEck Vectors Oil Services ETF and Facebook Inc. and JD.com, Inc. shares, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par plus a call premium of 16.95% per year if each underlying asset closes at or above its initial level on the first review date or at or above its 60% barrier level on the final review date.

If the notes are not called, the payout at maturity will be par plus the return of the worst performing stock or fund.

J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA are the placement agents.

Issuer:	Credit Suisse AG, London Branch
Issue:	Review notes
Underlying assets:	Facebook Inc. (Symbol: FB), VanEck Vectors Oil Services ETF, JD.com, Inc. (Symbol: JD)
Amount:	$10 million
Maturity:	Sept. 28, 2020
Price:	Par
Payout at maturity:	1% loss for each 1% decline of worse performing stock or fund
Call:	At par plus 16.95% per year if each asset closes at or above initial level on Oct. 1, 2019 or at or above 60% barrier level on final review date
Initial levels:	$25.04 for fund, $162.93 for Facebook and $26.49 for JD
Barrier levels:	$15.024 for fund, $97.758 for Facebook and $15.894 for JD, 60% of initial levels
Strike date:	Sept. 21
Pricing date:	Sept. 24
Settlement date:	Sept. 27
Agents:	J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
Fees:	1%
Cusip:	22551LCC2

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