New Issue: Credit Suisse sells $852,000 autocallable yield notes on S&P 500, Russell

By Wendy Van Sickle

Columbus, Ohio, June 4 – Credit Suisse AG, London Branch priced $852,000 of 7.5% autocallable yield notes Aug. 30, 2019 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable quarterly.

After six months, the notes will be called at par of $1,000 plus the interest payment if each index closes at or above its initial level on any quarterly review date.

The payout at maturity will be par plus the final interest payment unless either index finishes below its trigger level, in which case investors will lose 1% for each 1% decline of the worst performing index from its initial level.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Autocallable yield notes
Underlying indexes:	S&P 500 and Russell 2000
Amount:	$852,000
Maturity:	Aug. 30, 2019
Coupon:	7.5%, payable quarterly
Price:	Par
Call:	Automatically at par plus coupon if each index closes at or above initial level on a quarterly observation date after six months
Payout at maturity:	Par plus coupon unless either index finishes below its trigger level, in which case full exposure to decline of lesser performing index
Initial levels:	2,727.76 for S&P and 1,628.222 for Russell
Trigger levels:	2,045.82 for S&P and 1,221.1665 for Russell; 75% of initial levels
Pricing date:	May 24
Settlement date:	May 30
Agent:	Credit Suisse Securities (USA) LLC
Fees:	0.75%
Cusip:	22550WU70

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