New Issue: Credit Suisse sells $1 million callable yield notes on Euro Stoxx, fund

By Tali Rackner

Norfolk, Va., Sept. 21 – Credit Suisse AG, London Branch priced $1 million of 5.6% callable yield notes due March 23, 2018 linked to the Euro Stoxx 50 index and the Financial Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable quarterly.

The payout at maturity will be par unless either underlying finishes below its 65% knock-in level, in which case investors will be fully exposed to the decline of the lesser-performing asset.

The notes will be callable at par on any interest payment date.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Callable yield notes
Underlying assets:	Euro Stoxx 50 index and Financial Select Sector SPDR fund
Amount:	$1 million
Maturity:	March 23, 2018
Coupon:	5.6% per year, payable quarterly
Price:	Par of $1,000
Payout at maturity:	Par unless any underlying finishes below knock-in level, in which case full exposure to decline of least-performing underlying
Call option:	At par on any interest payment date
Initial index levels:	2,935.25 for Euro Stoxx and $23.62 for fund
Knock-in levels:	1,907.9125 for Euro Stoxx and $15.353 for fund; 65% of initial levels
Pricing date:	Sept. 16
Settlement date:	Sept. 23
Agent:	Credit Suisse Securities (USA) LLC
Fees:	1.75%
Cusip:	22548QGL3

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