New Issue: Credit Suisse prices $1.19 million contingent coupon callable yield notes on indexes

By Susanna Moon

Chicago, Aug. 13 – Credit Suisse AG, London Branch priced $1.19 million of contingent coupon callable yield notes due May 13, 2020 linked to the S&P 500 index and the Russell 2000 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 6.25% if each index closes at or above the 65% barrier level for that quarter.

The payout at maturity will be par unless either index finishes below the 65% barrier level, in which case the payout will be par plus the return of the worst performing index.

The notes are callable at par on any interest payment date after six months.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Contingent coupon callable yield notes
Underlying indexes:	S&P 500 index and Russell 2000 index
Amount:	$1,194,000
Maturity:	May 13, 2020
Coupon:	6.25% annualized for each quarter that each index closes at or above barrier level
Price:	Par
Payout at maturity:	If either index falls by more than 35%, par plus return of worst performing component; otherwise, par
Call option:	At par on any interest payment date beginning Feb. 13, 2015
Initial levels:	1,931.59 for S&P, 1,131.35 for Russell
Knock-in levels:	1,131.35 for Russell, 735.378 for Russell; 65% of initial levels
Pricing date:	Aug. 8
Settlement date:	Aug. 13
Agent:	Credit Suisse Securities (USA) LLC
Fees:	3.5%
Cusip:	22547QQL3

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