New Issue: Credit Suisse prices $3.91 million autocallable step-up notes on MSCI EAFE, Russell 2000

By Jennifer Chiou

New York, Feb. 14 - Credit Suisse AG, London Branch priced $3,907,000 of 0% equity-linked autocallable step-up notes due Feb. 21, 2017 linked to the MSCI EAFE index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each index closes at or above its initial level on any annual review date, the notes will be automatically redeemed at par plus an annualized redemption premium of 12.5% per year.

If the notes are not called and the lower-performing index finishes at or above its knock-in level, 70% of the initial level, the payout at maturity will be par. If the lower-performing index finishes below its knock-in level, investors will be fully exposed to the decline.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Equity-linked autocallable step-up notes
Underling indexes:	MSCI EAFE, Russell 2000
Amount:	$3,907,000
Maturity:	Feb. 21, 2017
Coupon:	0%
Price:	Par
Payout at maturity:	If lower-performing index finishes at or above knock-in level, par; otherwise, exposure to losses of lower-performing index
Call:	Automatically at par plus 12.5% annualized call premium if indexes both close at or above initial level on any annual review date beginning on Feb. 17, 2015
Initial levels:	1,890.26 for MSCI EAFE, 1,132.54 for Russell
Knock-in levels: 1,323.182 for MSCI EAFE, 792.778 for Russell, 70% of initial levels
Pricing date:	Feb. 12
Settlement date:	Feb. 20
Agent:	Credit Suisse Securities (USA) LLC
Fees:	2.7%
Cusip:	22547QHS8

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