Chicago, Sept. 5 – Credit Suisse AG, London Branch priced $317,000 of autocallable yield notes due Nov. 30, 2020 linked to the lowest performing of the Russell 2000 index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes pay a quarterly coupon at an annual rate of 6%.
The notes will be automatically redeemed at par plus the coupon if both indexes close above their initial levels on any quarterly observation date after six months.
The payout at maturity will be par if neither index ever closes below the knock-in level during the life of the notes.
If either index closes below the 75% knock-in level during the life of the notes, investors will be exposed to the losses of the worst performing index with a maximum payout of par.
Credit Securities (USA) LLC is the agent.
| Issuer: | Credit Suisse AG, London Branch
|
| Issue: | Autocallable yield notes
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| Underliers: | Russell 2000 index and the Nasdaq-100 index
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| Amount: | $317,000
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| Maturity: | Nov. 30, 2020
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| Coupon: | 6% paid quarterly
|
| Price: | Par
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| Payout at maturity: | Par if neither index ever closes below 75% knock-in level during life of notes; otherwise full exposure to losses of worst performing index with maximum payout of par
|
| Call: | Automatically redeemed at par plus the coupon if both indexes close above their initial levels on any quarterly observation date after six months
|
| Initial levels: | 1,456.039 for Russell 2000 and 7,566.027 for Nasdaq-100
|
| Knock-in levels: | 1,092.02925 for Russell 2000 and 5,674.52025 for Nasdaq-100, 75% of initial levels
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| Pricing date: | Aug. 27
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| Settlement date: | Aug. 30
|
| Agent: | Credit Securities (USA) LLC
|
| Fees: | 2.5%
|
| Cusip: | 22552FQQ8
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