New Issue: Credit Suisse sells $13.09 million contingent income autocallables on three indexes

By Wendy Van Sickle

Columbus, Ohio, Aug. 7 – Credit Suisse AG, London Branch priced $13.09 million of autocallable contingent income securities due Aug. 5, 2020 to the least performing of the S&P 500 index, the Russell 2000 index and the Nasdaq-100 index, according to a 424B2 filed with the Securities and Exchange Commission.

Each quarter, the notes will pay a contingent coupon at an annual rate of 7% if each index closes at or above its coupon barrier level, 70% of its initial index level, on the observation date that quarter.

The notes will be automatically called at par plus the contingent coupon, if any, if each index closes at or above its initial level on any quarterly observation date other than the final one.

If each index finishes at or above its downside threshold level, 70% of its initial level, the payout at maturity will be par plus the final contingent coupon.

If any index finishes below its downside threshold level, investors will have full exposure to the losses of the least performing index.

Credit Suisse Securities (USA) LLC is the agent, with Morgan Stanley Smith Barney LLC handling distribution.

Issuer:	Credit Suisse AG, London Branch
Issue:	Autocallable contingent income securities
Underlying indexes:	S&P 500 index, Russell 2000 index and Nasdaq-100 index
Amount:	$13,086,000
Maturity:	Aug. 5, 2020
Coupon:	7% per year, payable on a quarter if each index closes at or above coupon barrier on observation date that quarter
Price:	Par
Payout at maturity:	If each index finishes at or above downside threshold, par plus final coupon; otherwise, full exposure to decline of least performing index
Call:	At par if each index closes at or above initial level on any quarterly determination date other than final date
Initial levels:	2,816.29 for S&P, 1,670.805 for Russell, 7,231.983 for Nasdaq
Coupon barriers:	1,971.4 for S&P, 5,062.39 for Russell, 1,169.564 for Nasdaq; 70% of initial levels
Downside thresholds:	1,971.4 for S&P, 5,062.39 for Russell, 1,169.564 for Nasdaq; 70% of initial levels Pricing date:	July 31
Settlement date:	Aug. 3
Agent:	Credit Suisse Securities (USA) LLC
Distribution:	Morgan Stanley Wealth Management
Fees:	2%
Cusip:	22550BV26

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