Chicago, Aug. 24 – Credit Suisse AG, London Branch priced $5.1 million of 0% market-linked securities – autocallable with fixed percentage buffered downside due Aug. 24, 2027 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index closes above its starting level on any semiannual call date starting after one year, the notes will be called at par plus an annualized 10.2% call premium.
The premium related to the maturity date is 51%.
If the notes are not called, investors will receive par if the index declines but not beyond the 90% buffer level.
Otherwise, investors will lose 1% for each 1% decline of the index beyond the 10% buffer.
Wells Fargo Securities, LLC is the agent.
| Issuer: | Credit Suisse AG, London Branch
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| Issue: | Market-linked securities – autocallable with fixed percentage buffered downside
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| Underlying index: | Russell 2000
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| Amount: | $5,100,000
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| Maturity: | Aug. 24, 2027
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If not called, par if index finishes above buffer level; otherwise, 1% loss for each 1% decline beyond 10% buffer
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| Call: | Automatically at par plus 10.2% annualized call premium if index closes above initial level on any semiannual call date starting after one year
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| Initial level: | 1957.346
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| Buffer level: | 1761.6114; 90% of initial level
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| Pricing date: | Aug. 19
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| Settlement date: | Aug. 24
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| Agent: | Wells Fargo Securities LLC
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| Fees: | 2.825%
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| Cusip: | 22553QH67
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