New Issue: Credit Suisse prices $737,000 autocallables linked to S&P 500, Stoxx 50

By Susanna Moon

Chicago, May 27 – Credit Suisse AG, London Branch priced $737,000 of 0% autocallable securities due May 27, 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 called at par plus 11.5% per year if each index closes at or above its initial level on any annual observation date.

The payout at maturity will be par plus 10% unless either index finishes below the 70% knock-in level, in which case investors will be fully exposed to any losses of the worse performing index.

Credit Suisse Securities (USA) LLC is the underwriter.

Issuer:	Credit Suisse AG, London Branch
Issue:	Autocallable securities
Underlying indexes:	S&P 500 and Euro Stoxx 50
Amount:	$737,000
Maturity:	May 27, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If each index finishes above knock-in levels, par plus 10%; otherwise, full exposure to any losses of worse performing index
Call:	At par plus 11.5% per year if each index closes at or above its initial level on any annual observation date
Initial index levels:	2,052.32 for S&P and 2,962.16 for Stoxx
Knock-in levels:	1,436.624 for S&P and 2,073.512 for Stoxx; 70% of initial levels
Pricing date:	May 20
Settlement date:	May 27
Agent:	Credit Suisse Securities (USA) LLC
Fees:	2.6%
Cusip:	22548Q5Q4

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