New Issue: Credit Suisse sells $500,000 12.75% contingent coupon autocalls tied to Micron

By Susanna Moon

Chicago, July 12 – Credit Suisse AG, London Branch priced $500,000 of contingent coupon autocallable yield notes due July 17, 2019 linked to Micron Technology, Inc. stock, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 12.75% if the underlying stock closes at or above its 60% coupon barrier on the observation date for that quarter.

The notes will be called at par if the stock closes at or above its initial level on any review date.

The payout at maturity will be par unless the stock closes below its 60% knock-in level, in which case investors will be fully exposed to any losses.

J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA are the placement agents.

Issuer:	Credit Suisse AG, London Branch
Issue:	Contingent coupon autocallable yield notes
Underlying assets:	Micron Technology, Inc. (Symbol: MU)
Amount:	$500,000
Maturity:	July 17, 2019
Coupon:	12.75% annualized, payable quarterly if stock closes at or above 60% coupon barrier on observation date for that quarter
Price:	Par
Payout at maturity:	Par unless stock closes below 60% knock-in level, in which case 1% loss per 1% decline
Call:	At par if asset closes at or above its initial level on any review date
Initial level:	$52.44
Barrier level:	$31.46, 60% of initial level
Strike date:	June 29
Pricing date:	July 2
Settlement date:	July 6
Agents:	J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
Fees:	1%
Cusip:	22550BUC5

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