New Issue: Credit Suisse prices $79.48 million autocallable market-linked step-up notes on S&P Oil & Gas

By Jennifer Chiou

New York, Dec. 30 – Credit Suisse AG, London Branch priced $79,478,310 of 0% autocallable market-linked step-up notes due Dec. 23, 2016 tied to the S&P Oil & Gas Exploration and Production Select Industry index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par of $10 plus a call premium of 23.8% if the index closes at or above the initial level on Jan. 15, 2016.

If the index finishes at or above the initial level, the payout at maturity will be par of $10 plus the greater of the step-up payment and the index return. The step-up payment is 30%.

Investors will share in any losses.

BofA Merrill Lynch is the underwriter.

Issuer:	Credit Suisse AG, London Branch
Issue:	Autocallable market-linked step-up notes
Underlying index:	S&P Oil & Gas Exploration and Production Select Industry
Amount:	$79,478,310
Maturity:	Dec. 23, 2016
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If index finishes above step-up value, par plus index return; if index stays flat or gains but finishes at or below step-up value, par plus 30%; exposure to losses
Call:	Automatically at par plus call premium of 23.8% if index closes at or above the initial level on Jan. 15, 2016
Initial index level:	7,589.04
Step-up value:	9,865.75, 130% of initial value
Pricing date:	Dec. 23
Settlement date:	Jan. 2
Underwriter:	BofA Merrill Lynch
Fees:	2%
Cusip:	22547V105

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