New Issue: Credit Suisse sells $654,000 autocallables on S&P 500, Russell 2000

By Marisa Wong

Morgantown, W.Va., Sept. 6 – Credit Suisse AG, London Branch priced $654,000 of 0% autocallable securities due Aug. 30, 2019 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each index closes at or above its initial level on Aug. 28, 2017 or Aug. 28, 2018, the notes will be called at par plus an automatic redemption premium 10% per year.

The payout at maturity will be par plus a 9% contingent minimum return, unless either index finishes at or below its 75% knock-in level, in which case investors will be fully exposed to the decline of the worse performing index.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Autocallable securities
Underlying indexes:	S&P 500, Russell 2000
Amount:	$654,000
Maturity:	Aug. 30, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus a 9%, unless either index finishes at or below its knock-in level, in which case investors will be fully exposed to the decline of the worse performing index
Call:	At par plus 10% per year if each index closes at or above its initial level on Aug. 28, 2017 or Aug. 28, 2018
Initial levels:	2,169.04 for S&P 500, 1,238.031 for Russell 2000
Knock-in levels:	1,626.78 for S&P 500, 928.5233 for Russell 2000; 75% of initial levels
Pricing date:	Aug. 26
Settlement date:	Aug. 31
Agent:	Credit Suisse Securities (USA) LLC
Fees:	2.45%
Cusip:	22548QDA0

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