New Issue: Credit Suisse prices $11.93 million trigger callable yield notes linked to Russell, S&P

By Wendy Van Sickle

Columbus, Ohio, Dec. 3 – Credit Suisse AG, London branch priced $11.93 million of 4.55% trigger callable yield notes due Feb. 23, 2023 linked to the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

The notes are callable at par of $10 on any monthly coupon payment date after three months.

The payout at maturity will be par unless the lowest performing index finishes below its 60% downside threshold level, in which case investors will be fully exposed to the index’s decline.

UBS Financial Services Inc. is the agent.

Issuer:	Credit Suisse AG, London branch
Issue:	Trigger callable yield notes
Underlying indexes:	Russell 2000 index, S&P 500 index
Amount:	$11,931,500
Maturity:	Feb. 23, 2023
Coupon:	4.55%, payable monthly
Price:	Par of $10
Payout at maturity:	If the lowest performing index finishes at or above downside threshold level, par; otherwise, full exposure to losses of lowest performing index
Call option:	At par on any monthly call date after three months
Initial levels:	4,682.94 for S&P, 2,331.348 for Russell
Downside threshold levels:	2,809.76 for S&P, 1,398.809 for Russell; 60% of initial levels
Pricing date:	Nov. 22
Settlement date:	Nov. 26
Agent:	UBS Financial Services Inc.
Fees:	1%
Cusip:	22551G663

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