New Issue: Credit Suisse sells $4.33 million coupon buffered autocallables on S&P, Russell

By Wendy Van Sickle

Columbus, Ohio, Feb. 11 – Credit Suisse AG, London Branch priced $4.33 million of 5.05% autocallable coupon buffered securities due Feb. 7, 2022 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable semiannually.

The notes will be automatically called at par if each index closes at or above its initial level on any semiannual observation date.

The payout at maturity will be par unless either index’s final level is less than 80% of its initial level, in which case investors will lose 1.25% for each 1% that the lesser-performing index declines beyond 20%.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Autocallable coupon buffered securities
Underlying indexes:	S&P 500 and Russell 2000 index
Amount:	$4,325,000
Maturity:	Feb. 7, 2022
Coupon:	5.05%, payable semiannually
Price:	Par
Payout at maturity:	Par unless either index’s final level is less than 80% of its initial level, in which case 1.25% loss for each 1% that lesser-performing index declines beyond 20%
Call:	Automatically at par if each index closes at or above initial level on any semiannual observation date
Initial levels:	3,225.52 for S&P and 1,614.061 for Russell
Buffer levels:	2,626.928 for S&P and 1318.5752 for Russell, 80% of initial levels
Pricing date:	Jan. 31
Settlement date:	Feb. 5
Agent:	Credit Suisse Securities (USA) LLC
Fees:	0.2%
Cusip:	22551NNT9

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