New Issue: Credit Suisse prices $149,000 8.5% autocallable yield notes linked to Russell, S&P

By Susanna Moon

Chicago, March 4 – Credit Suisse AG, London branch priced $149,000 of 8.5% autocallable yield notes due March 3, 2017 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

The notes will be called at par if each index closes at or above its initial level on either call date.

The payout at maturity will be par unless either index closes at or below its knock-in level, 75% of its initial level, during the life of the notes, in which case the payout will be par plus the return of the worse performing index, up to a maximum payout of par.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Autocallable yield notes
Underlying indexes:	Russell 2000 and S&P 500
Amount:	$149,000
Maturity:	March 3, 2017
Coupon:	8.5%, payable monthly
Price:	Par
Payout at maturity:	Par unless either index closes at or below knock-in level during life of notes, in which case par plus return of worse performing index, up to maximum payout of par
Call:	At par if each index closes at or above initial level on Aug. 31 or Nov. 30, 2016
Initial levels:	1,932.23 for S&P, 1,033.901 for Russell
Knock-in levels:	1,449.1725 for S&P, 775.42575 for Russell; 75% of initial levels
Pricing date:	Feb. 29
Settlement date:	March 3
Underwriter:	Credit Suisse Securities (USA) LLC
Fees:	0.8%
Cusip:	22546VVP8

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