New Issue: Credit Suisse prices $2.73 million trigger autocallables on S&P 500 ETF

By Wendy Van Sickle

Columbus, Ohio, Feb. 28 – Credit Suisse AG, London Branch priced $2.73 million of 0% trigger autocallable notes due March 4, 2019 linked to the SPDR S&P 500 ETF trust, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par plus a premium of 7.4% a year if the fund closes at or above its 85% downside threshold on any quarterly call date.

The payout at maturity will be par unless the fund finishes below its downside threshold, in which case investors will be fully exposed to the decline.

UBS Financial Services Inc. is acting is distributor.

Issuer:	Credit Suisse AG, London Branch
Issue:	Trigger autocallable notes
Underlying asset:	SPDRE S&P 500 ETF trust
Amount:	$2,725,550
Maturity:	March 4, 2019
Coupon:	0%
Price:	Par of $10.00
Payout at maturity:	If notes are not called and final fund level is greater than or equal to downside threshold level, par; otherwise, 1% loss for every 1% that final fund level is less than initial level
Call:	At par plus 7.4% per year if fund closes above downside threshold on a quarterly call date
Initial level:	$236.74
Downside threshold:	$201.23, 85% of initial level
Pricing date:	Feb. 24
Settlement date:	Feb. 28
Distributor:	UBS Financial Services Inc.
Fees:	1.5%
Cusip:	22549A422

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