New Issue: Credit Suisse prices $808,000 autocallables linked to S&P, Euro Stoxx 50

By Angela McDaniels

Tacoma, Wash., March 22 – Credit Suisse AG, London Branch priced $808,000 of 0% autocallable securities due March 25, 2020 linked to the S&P 500 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be automatically called at par plus a premium of 14% per year if each index closes at or above its initial level on March 20, 2017, March 19, 2018, March 18, 2019 or March 18, 2020.

If the notes are not called, the payout at maturity will be par plus 10% unless either index finishes at or below its knock-in level, 70% of its initial level, in which case investors will be fully exposed to the decline of the lesser-performing index.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Autocallable securities
Underlying indexes:	S&P 500 and Euro Stoxx 50
Amount:	$808,000
Maturity:	March 25, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 10% unless either index finishes at or below knock-in level, in which case full exposure to decline of lesser-performing index
Call:	Automatically at par plus 14% per year if each index closes at or above initial level on March 20, 2017, March 19, 2018, March 18, 2019 or March 18, 2020
Initial index levels:	2,049.58 for S&P 500 and 3,059.77 for Euro Stoxx 50
Knock-in level:	1,434.706 for S&P 500 and 2,141.839 for Euro Stoxx 50; 70% of initial levels
Pricing date:	March 18
Settlement date:	March 28
Agent:	Credit Suisse Securities (USA) LLC
Fees:	2.7%
Cusip:	22546VYA8

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