New Issue: Credit Suisse prices $11.67 million trigger autocallables on Russell, S&P basket

By Wendy Van Sickle

Columbus, Ohio, Aug. 31 – Credit Suisse AG, London Branch priced $11.67 million of 0% trigger autocallable notes due Sept. 5, 2019 linked to an equally weighted basket of the Russell 2000 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 plus an annualized premium of 6.75% if the basket closes at or above its initial level on any quarterly observation date after six months.

The payout at maturity will be par unless the basket finishes below the downside threshold, 85% of the initial level, in which case investors will lose 1% for each 1% decline of the basket from its initial level.

UBS Financial Services Inc. is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Trigger autocallable notes
Basket components:	Russell 2000 and S&P 500, equal weights
Amount:	$11,673,300
Maturity:	Sept. 5, 2019
Coupon:	0%
Price:	Par of $10
Call:	After six months, at par plus 6.75% annualized premium if basket closes at or above initial level on any quarterly observation date
Payout at maturity:	Par unless basket finishes below downside threshold, in which case 1% loss for each 1% decline of basket from initial level
Initial levels:	1,383.681 for Russell, 2,446.30 for S&P
Downside threshold:	85% of initial levels
Pricing date:	Aug. 29
Settlement date:	Aug. 31
Agent:	UBS Financial Services Inc.
Fees:	1.5%
Cusip:	22549D111

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