New Issue: Credit Suisse prices $1.51 million contingent coupon yield notes on Russell 2000

By Toni Weeks

San Luis Obispo, Calif., Feb. 26 - Credit Suisse AG, London Branch priced $1.51 million of contingent coupon yield notes due Feb. 28, 2020 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarter coupon at an annual rate of 6.5% if the index closes at or above its barrier level, 70% of the initial level, on the observation date for that quarter.

The payout at maturity will be par unless the index finishes at or below its 70% knock-in level, in which case investors will be fully exposed to the decline in the index.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Contingent coupon yield notes
Underlying index:	Russell 2000
Amount:	$1,508,000
Maturity:	Feb. 28, 2020
Coupon:	6.5%, payable quarterly if index closes at or above its barrier level on observation date for that quarter
Price:	Par
Payout at maturity:	If index falls to or below barrier level, par plus index return with exposure to losses; otherwise, par
Initial level:	1,164.632
Barrier level:	815.2424, 70% of initial level
Pricing date:	Feb. 21
Settlement date:	Feb. 28
Agent:	Credit Suisse Securities (USA) LLC
Fees:	3.55%
Cusip:	22547QHB5

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