New Issue: Credit Suisse prices $1.49 million contingent coupon callable yield notes linked to S&P 500

By Angela McDaniels

Tacoma, Wash., Oct. 7 – Credit Suisse AG, London Branch priced $1.49 million of contingent coupon callable yield notes due Sept. 30, 2022 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

Each month, the notes will pay a contingent coupon at the rate of 7.45% per year unless the index closes below its barrier level, 75% of its initial level, on the observation date for that month.

The payout at maturity will be par unless the index finishes below its barrier level, in which case investors will be fully exposed to the index’s decline.

Beginning Sept. 30, 2016, the notes are callable at par on any interest payment date.

Incapital LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Contingent coupon callable yield notes
Underlying index:	S&P 500
Amount:	$1,486,000
Maturity:	Sept. 30, 2022
Coupon:	Each month, notes pay contingent coupon at rate of 7.45% per year unless index closes below barrier level on observation date for that month
Price:	Par
Payout at maturity:	Par unless index finishes below barrier level, in which case full exposure to index’s decline
Call option:	At par on any interest payment date from Sept. 30, 2016 onward
Initial index levels:	1,881.77
Barrier levels:	1,411.3275; 75% of initial levels
Pricing date:	Sept. 28
Settlement date:	Sept. 30
Agent:	Incapital LLC
Fees:	4.4%
Cusip:	22546VK96

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