New Issue: Credit Suisse prices $1 million 5.5% callable yield notes linked to Euro Stoxx, Russell

By Angela McDaniels

Tacoma, Wash., April 26 – Credit Suisse AG, London Branch priced $1 million of 5.5% callable yield notes due Oct. 30, 2017 linked to the Euro Stoxx 50 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable quarterly.

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

If the notes are not called, the payout at maturity will be par unless either index finishes below its knock-in level, 65% of its initial level, in which case investors will lose 1% for every 1% that the lesser-performing index finishes below its initial level.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Callable yield notes
Underlying indexes:	Euro Stoxx 50 and the Russell 2000
Amount:	$1 million
Maturity:	Oct. 30, 2017
Coupon:	5.5%, payable quarterly
Price:	Par
Payout at maturity:	Par unless either index finishes below its knock-in level, in which case full exposure to decline of worse-performing index
Call option:	At par on any interest payment date
Initial levels:	3,141.12 for Euro Stoxx 50 and 1,146.690 for Russell 2000
Knock-in levels:	2,041.728 for Euro Stoxx 50 and 745.3485 for Russell 2000; 65% of initial levels
Pricing date:	April 22
Settlement date:	April 29
Agent:	Credit Suisse Securities (USA) LLC
Fees:	1.95%
Cusip:	22548Q2S3

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