New Issue: Credit Suisse prices $4.84 million 9.04% contingent yield trigger autocalls on S&P

By Susanna Moon

Chicago, April 20 – Credit Suisse AG, London branch priced $4.84 million of trigger autocallable contingent yield notes due April 17, 2020 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes pay a contingent quarterly coupon at an annual rate of 9.04% if the index closes at or above its 75% coupon barrier on the observation date for that quarter.

The notes will be called if the index closes at or above its initial level on any quarterly observation date after six months.

The payout at maturity will be par unless the index finishes below its 75% downside threshold, in which case investors will lose 1% for each 1% decline.

UBS Financial Services Inc. and Credit Suisse Securities (USA) LLC are the agents.

Issuer:	Credit Suisse AG, London branch
Issue:	Trigger autocallable contingent yield notes
Underlying indexes:	S&P 500
Amount:	$4,841,500
Maturity:	April 17, 2020
Coupon:	9.04% annualized, payable quarterly if index closes at or above its 75% coupon barrier on observation date for that quarter
Price:	Par of $10
Payout at maturity:	If index finishes at or above downside threshold, par; otherwise, 1% loss per 1% decline
Call:	At par if index closes at or above its initial level on each quarterly observation date beginning Oct. 15, 2018
Initial level:	2,656.30
Downside threshold:	1992.23, 75% of initial level
Pricing date:	April 13
Settlement date:	April 18
Agents:	UBS Financial Services Inc. and Credit Suisse Securities (USA) LLC
Fees:	None
Cusip:	22549M251

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