By Wendy Van Sickle
Columbus, Ohio, Aug. 17 – Credit Suisse AG, London Branch priced $322,000 of 0% autocallable securities due Aug. 5, 2022 linked to the VanEck Vectors Gold Miners ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus a premium of 16.5% if the ETF closes at or above the initial level on the observation date, Aug. 5, 2021.
If the final ETF level is greater than or equal to the initial level, the payment at maturity will be the par plus 1.5 times the return of the ETF.
If the ETF declines by up to 25%, the payout will be par.
If it declines by more than 25%, investors will be exposed to the decline.
Credit Suisse Securities (USA) LLC is the agent.
| Issuer: | Credit Suisse AG, London Branch
|
| Issue: | Autocallable securities
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| Underlying ETF: | VanEck Vectors Gold Miners ETF
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| Amount: | $322,000
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| Maturity: | Aug. 5, 2022
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If ETF return is greater than or equal to initial level, par plus 1.5 times the return of the ETF; if the ETF declines by up to 25%, par; if it declines by more than 25%, investors will be exposed to the decline
|
| Call: | At par plus 16.5% if ETF closes at or above its initial level on Aug. 5, 2021
|
| Initial level: | $42.94
|
| Knock-in level: | $32.205; 75% of initial level
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| Pricing date: | July 31
|
| Settlement date: | Aug. 5
|
| Agent: | Credit Suisse Securities (USA) LLC
|
| Fees: | 1.05%
|
| Cusip: | 22552WBZ7
|
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