New Issue: Credit Suisse prices $1 million contingent coupon callable yield notes on Russell

By Marisa Wong

Madison, Wis., Oct. 30 - Credit Suisse AG, London Branch priced $1 million of contingent coupon callable yield notes due Oct. 31, 2023 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 8% if the index closes at or above its barrier level, 75% of the initial level, on the observation date for that quarter.

The notes will be callable at par plus the contingent coupon on any interest payment date beginning Oct. 31, 2014.

The payout at maturity will be par unless the index finishes below its 55% knock-in level, in which case investors will be fully exposed to any losses.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Contingent coupon callable yield notes
Underlying index:	Russell 2000
Amount:	$1 million
Maturity:	Oct. 31, 2023
Coupon:	8% per year, payable quarterly, if index closes at or above barrier level on quarterly observation date
Price:	Par
Payout at maturity:	Par unless index finishes below knock-in level, in which case par plus return
Call option:	At par plus contingent coupon on any interest payment date beginning Oct. 31, 2014
Initial index level:	1,121.07
Barrier level:	840.8025, 75% of initial level
Knock-in level:	616.5885, 55% of initial level
Pricing date:	Oct. 29
Settlement date:	Oct. 31
Agent:	Credit Suisse Securities (USA) LLC
Fees:	3%
Cusip:	22547QCQ7

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