New Issue: Credit Suisse prices $4 million callable fixed-income notes on indexes

By Wendy Van Sickle

Columbus, Ohio, March 20 – Credit Suisse AG, London Branch priced $4 million of callable fixed-income securities due March 20, 2019 linked to the least performing of the S&P 500 index, the Nikkei 225 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

Each quarter, the notes pay a contingent coupon at the rate of 8% per year.

The notes are callable quarterly at par plus the coupon.

If the notes are not called and each index finishes at or above its 75% knock-in level, the payout at maturity will be par. Otherwise, investors will lose 1% for every 1% that the least-performing index’s final level is below its initial level.

UBS Financial Services Inc. is acting as distributor.

Issuer:	Credit Suisse AG, London Branch
Issue:	Callable fixed-income securities
Underlying indexes:	S&P 500, Nikkei 225 and Euro Stoxx 50
Amount:	$4 million
Maturity:	March 20, 2019
Coupon:	8% per year, payable quarterly
Price:	Par
Payout at maturity:	If each index finishes at or above knock-in level, par; otherwise, 1% loss for every 1% that least-performing index’s final level is below initial level
Call option:	Quarterly at par plus the coupon
Initial levels:	2,385.26 for S&P, 19,577.38 for Nikkei, 3,409.32 for Euro Stoxx
Knock-in levels:	1,788.95 for S&P, 14,683.04 for Nikkei, 2,556.99 for Euro Stoxx; 75% of initial levels
Trade date:	March 15
Settlement date:	March 20
Distributor:	UBS Financial Services Inc.
Fees:	1.86%
Cusip:	22548QXL4

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