New Issue: Credit Suisse sells $1.12 million autocallables tied to Stoxx, oil fund

By Susanna Moon

Chicago, Nov. 3 – Credit Suisse AG, London Branch priced $1.12 million of 0% autocallable securities due Nov. 3, 2021 linked to the Euro Stoxx 50 index and the SPDR S&P Oil & Gas Exploration & Production exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par plus an annualized call premium of 11.72% if each underlying component closes at or above its initial level on any annual review date.

The payout at maturity will be par unless either component finishes below its 70% knock-in level, in which case investors will lose 1% for each 1% decline of worse performing index or fund.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Autocallable securities
Underlying assets:	Euro Stoxx 50, SPDR S&P Oil & Gas Exploration & Production ETF
Amount:	$1.12 million
Maturity:	Nov. 3, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	Par unless component falls below knock-in level, in which case full exposure to any losses of worse performing index or fund
Call:	At par plus 11.72% per year if each underlying component closes at or above its initial level on any annual review date
Initial index levels:	3,652.23 for Stoxx, $33.37 for fund
Knock-in levels:	2,556.561 for Stoxx, $23.359 for fund, 70% of initial levels
Pricing date:	Oct. 27
Settlement date:	Nov. 3
Agent:	Credit Suisse Securities (USA) LLC
Fees:	None
Cusip:	22550BMT7

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