New Issue: Credit Suisse sells $1.16 million autocallable coupon buffered notes tied to S&P, Russell

By Wendy Van Sickle

Columbus, Ohio, June 20 – Credit Suisse AG, London Branch, priced $1.16 million of 6.5% autocallable coupon buffered securities due Dec. 21, 2017 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable quarterly.

The notes will be automatically called at par plus the coupon if both indexes closes at or above the initial price on any quarterly trigger observation date.

The payout at maturity will be par unless either index finishes below 80%, in which case investors will lose 1.25% for each 1% the lesser performing index drops beyond 20%.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London branch
Issue:	Autocallable coupon buffered notes
Underlying indexes:	S&P 500, Russell 2000
Amount:	$1,157,000
Maturity:	Dec. 21, 2017
Coupon:	6.5% annualized, payable quarterly
Price:	Par
Payout at maturity:	If both indexes close at or above negative 20% buffer level, par; otherwise, 1.25% loss for each 1% the lesser performing index drops beyond 20%
Call:	At par plus coupon if both indexes closes at or above initial level on any quarterly trigger observation date
Initial levels:	2,071.50 for S&P, 1,149.302 for Russell
Pricing date:	June 16
Settlement date:	June 21
Agent:	Credit Suisse Securities (USA) LLC
Fees:	0.2%
Cusip:	22548QB53

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