New Issue: Credit Suisse prices $2.94 million contingent coupon yield notes on Russell 2000

By Toni Weeks

San Luis Obispo, Calif., March 27 - Credit Suisse AG, London Branch priced $2.94 million of contingent coupon callable yield notes due March 28, 2024 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarter coupon at an annual rate of 8% if the index closes at or above its barrier level, 77% of the initial level, on the observation date for that quarter.

The payout at maturity will be par unless the index finishes at or below its 50% knock-in level, in which case investors will be fully exposed to the decline in the index.

The notes are callable at par on any contingent coupon payment date after one year.

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:	$2,942,000
Maturity:	March 28, 2024
Coupon:	8%, payable quarterly if index closes at or above its barrier level on observation date for that quarter
Price:	Par
Payout at maturity:	If index falls to or below barrier level, par plus index return with exposure to losses; otherwise, par
Call option:	At par on any contingent coupon payment date beginning March 30, 2015
Initial level:	1,178.05
Barrier level:	907.0985, 77% of initial level
Knock-in level:	589.025, 50% of initial level
Pricing date:	March 25
Settlement date:	March 28
Agent:	Credit Suisse Securities (USA) LLC
Fees:	4.3%
Cusip:	22547QKB1

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