New Issue: Credit Suisse sells $5.02 million autocallable yield notes on Nasdaq, S&P

By Wendy Van Sickle

Columbus, Ohio, March 26 – Credit Suisse AG, London Branch priced $5.02 million of 6.25% autocallable yield notes due April 27, 2020 linked to the lesser performing of the S&P 500 index and the Nasdaq-100 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 above its initial level on any monthly trigger observation date after three months.

The payout at maturity will be par unless either index finishes below its 70% knock-in level, in which case investors will be fully exposed to any losses of the lesser-performing index.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Autocallable yield notes
Underlying indexes:	S&P 500 and Nasdaq-100
Amount:	$5,017,000
Maturity:	April 27, 2020
Coupon:	6.25% per year, payable monthly
Price:	Par
Payout at maturity:	Par unless either index finishes below its knock-in, in which case full exposure to any losses of the lesser-performing index
Call:	At par if each index closes above initial level on any monthly trigger observation date after three months
Initial levels:	7,493.27 for Nasdaq, 2,854.88 for S&P
Knock-in levels:	5,245.289 for Nasdaq, 1,998.416 for S&P; 70% of initial levels
Pricing date:	March 21
Settlement date:	March 26
Agent:	Credit Suisse Securities (USA) LLC
Fees:	0.25%
Cusip:	22552F3P5

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