New Issue: Credit Suisse prices $407,000 autocallables linked to S&P 500, Russell

By Susanna Moon

Chicago, Jan. 29 – Credit Suisse AG, London Branch priced $407,000 of 0% autocallable securities due Jan. 29, 2018 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 a premium of 10.5% per year if each index closes at or above its initial level on any semiannual observation date.

The payout at maturity will be par plus 9.5% unless either index ever closes below its knock-in level, 75% of its initial level, during the life of the notes in which case investors will be fully exposed to the decline 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 and Russell 2000
Amount:	$407,000
Maturity:	Jan. 29, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 9.5% unless either index closes at or below knock-in level during life of notes, in which case par plus return of worse performing index
Call:	At par plus a 10.5% premium per year if each index closes at or above its initial level on any semiannual observation date
Initial index levels:	1,903.63 for S&P, 1,017.974 for Russell
Knock-in levels:	1,427.7225 for S&P, 763.4805 for Russell; 75% of initial levels
Pricing date:	Jan. 26
Settlement date:	Jan. 29
Agent:	Credit Suisse Securities (USA) LLC
Fees:	3.05%
Cusip:	22546VTQ9

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