New Issue: Credit Suisse prices $5.17 million contingent coupon callable notes linked to indexes

By Susanna Moon

Chicago, Jan. 27 – Credit Suisse AG, London Branch priced $5.17 million of contingent coupon callable yield notes due Jan. 29, 2019 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 pay a contingent semiannual coupon at an annual rate of 8.5% if each index closes at or above its barrier level, 60% of its initial level, on the observation date for that period.

The payout at maturity will be par unless either index finishes below its 60% barrier level, in which case investors will be fully exposed to the loss of the worse performing index.

The notes are callable at par on any interest payment date.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Contingent coupon callable yield notes
Underlying indexes:	S&P 500, Russell 2000
Amount:	$5,174,000
Maturity:	Jan. 29, 2019
Coupon:	8.5% annualized, payable semiannually if each index closes at or above barrier level on observation date for that period
Price:	Par
Payout at maturity:	Par unless either index finishes below barrier level, in which case full exposure to loss of worse performing index
Call option:	At par on any interest payment date
Initial levels:	1,906.90 for S&P, 1,334.83 for Russell
Barrier levels:	1,334.83 for S&P, 714.462 for Russell; 70% of initial levels
Pricing date:	Jan. 22
Settlement date:	Jan. 29
Agent:	Credit Suisse Securities (USA) LLC
Fees:	2.3%
Cusip:	22546VTK2

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