New Issue: Credit Suisse sells $1.43 million 8.75% contingent coupon autocalls tied to S&P

By Susanna Moon

Chicago, April 26 – Credit Suisse AG, London Branch priced $1.43 million of contingent coupon autocallable yield notes due May 1, 2019 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 8.75% if the index closes at or above its 80% coupon barrier on the observation date for that quarter.

The notes will be called at par if the index closes at or above its initial level on any review date.

The payout at maturity will be par unless the index closes below its 80% knock-in level, in which case investors will be fully exposed to any losses.

Credit Suisse Securities (USA) LLC is the underwriter.

Issuer:	Credit Suisse AG, London Branch
Issue:	Contingent coupon autocallable yield notes
Underlying index:	S&P 500 index
Amount:	$1,425,000
Maturity:	May 1, 2019
Coupon:	8.75% annualized, payable quarterly if index closes at or above 80% coupon barrier on observation date for that quarter
Price:	Par
Payout at maturity:	Par unless index closes below 80% knock-in level, in which case 1% loss per 1% decline
Call:	At par if each asset closes at or above its initial level on any review date
Initial level:	2,656.30
Trigger level:	2,125.04, 80% of initial level
Pricing date:	April 13
Settlement date:	April 18
Agent:	Credit Suisse Securities (USA) LLC
Fees:	1%
Cusip:	22550WPF8

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