New Issue: Credit Suisse sells $1.58 million autocallable index-linked notes on S&P 500

By William Gullotti

Buffalo, N.Y., July 7 – Credit Suisse AG, London Branch priced $1.58 million of 0% autocallable index-linked notes due July 1, 2025 linked to the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.

The notes will be automatically called at par plus a call premium of 13% per year if the index closes at or above its initial level on any annual valuation date.

If the index finishes flat or gains, the payout at maturity will be par plus 39%.

Investors will be fully exposed to any index decline.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Autocallable index-linked notes
Underlying index:	S&P 500 index
Amount:	$1,577,000
Maturity:	July 1, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If index finishes flat or gains, par plus 39%; otherwise, full exposure to index decline
Call:	Automatically at par plus a call premium of 13% per year if the index closes at or above its initial level on any annual valuation date
Initial level:	3,900.11
Pricing date:	June 27
Settlement date:	July 5
Agent:	Credit Suisse Securities (USA) LLC
Fees:	2.27%
Cusip:	22553QA80

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