New Issue: Credit Suisse prices $2.07 million callable cert plus notes on S&P 500

By Marisa Wong

Morgantown, W.Va., Sept. 8 – Credit Suisse AG, London Branch priced $2.07 million of 0% callable cert plus securities due Sept. 2, 2020 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes above the initial level, the payout at maturity will be par plus 175% of the gain.

If the index falls by up to the 65% knock-in level, the payout will be par.

Otherwise, the payout will be par plus the return with full exposure to any losses.

After one year, the notes are callable at par plus a call return of 18% per year on any quarterly call date.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Callable cert plus securities
Underlying index:	S&P 500
Amount:	$2,065,000
Maturity:	Sept. 2, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If the index finishes above the initial level, par plus 175% of the gain; if the index falls by up to the 65% knock-in level, par; otherwise, par plus the return with full exposure to any losses
Call option:	After one year, at par plus a call return of 18% per year on any quarterly call date
Initial level:	1,972.18
Knock-in level:	1,281.917, 65% of initial level
Pricing date:	Aug. 31
Settlement date:	Sept. 2
Agent:	Credit Suisse Securities (USA) LLC
Fees:	0.8%
Cusip:	22546VKM7

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