New Issue: Credit Suisse sells $6.9 million 4.6% trigger callable yield notes linked to Russell, Nasdaq

By William Gullotti

Buffalo, N.Y., Jan. 4 – Credit Suisse AG, London branch priced $6.9 million of 4.6% trigger callable yield notes due March 31, 2023 linked to the Russell 2000 index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

The notes are callable at par of $10 on any monthly coupon payment date after three months.

The payout at maturity will be par unless the lowest performing index finishes below its 60% downside threshold level, in which case investors will be fully exposed to the index’s decline.

UBS Financial Services Inc. is the agent.

Issuer:	Credit Suisse AG, London branch
Issue:	Trigger callable yield notes
Underlying indexes:	Russell 2000 index, Nasdaq-100 index
Amount:	$6,899,600
Maturity:	March 31, 2023
Coupon:	4.6%, payable monthly
Price:	Par of $10
Payout at maturity:	If the lowest performing index finishes at or above downside threshold level, par; otherwise, full exposure to losses of lowest performing index
Call option:	At par on any monthly call date after three months
Initial levels:	16,491.01 for Nasdaq, 2,249.244 for Russell
Downside threshold levels:	9,894.61 for Nasdaq, 1,349.546 for Russell; 60% of initial levels
Pricing date:	Dec. 29
Settlement date:	Dec. 31
Agent:	UBS Financial Services Inc.
Fees:	1%
Cusip:	22552J138

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