New Issue: Credit Suisse prices $722,000 0% autocallable notes linked to indexes

By Susanna Moon

Chicago, July 31 – Credit Suisse AG, London Branch priced $722,000 of 0% autocallable securities due July 31, 2017 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par plus 8% per year if each index closes at or above its initial level on any call date.

If each index never closes below the 74% knock-in level during the life of the notes, the payout at maturity will be par plus the contingent minimum return of 8%.

Otherwise, investors will be fully exposed to any losses of the worse performing index.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Autocallable securities
Underlying indexes:	S&P 500 index and the Russell 2000 index
Amount:	$722,000
Maturity:	July 31, 2017
Coupon:	0%
Price:	Par
Payout at maturity:	If each index never closes below 74% knock-in level, par plus 8%; otherwise, full exposure to any losses of worse performing index
Call:	At par plus 8% annualized if each index closes at or above initial level on any call date
Initial levels:	2,093.25 for S&P, 1,224.599 for Russell
Knock-in levels:	1,549.005 for S&P, 906.20326 for Russell; 74% of initial level
Pricing date:	July 28
Settlement date:	July 31
Agent:	Credit Suisse Securities (USA) LLC
Fees:	2.8%
Cusip:	22546VGB6

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