New Issue: Credit Suisse prices $1.16 million callable daily range accrual notes on Russell

By Wendy Van Sickle

Columbus, Ohio, April 4 – Credit Suisse AG, London Branch priced $1.16 million of callable daily range accrual securities due March 31, 2022 linked to the Russell 2000 index, according to a 424B2 filed with the Securities and Exchange Commission.

Interest will accrue at 5.6% for each day that the index closes at or above the accrual barrier, 80% of the initial index level. Interest will be payable monthly.

The payout at maturity will be par unless the index falls by more than 20%, in which case investors will lose 1% for every 1% drop beyond 20%.

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

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Callable daily range accrual securities
Underlying index:	Russell 2000
Amount:	$1,159,000
Maturity:	March 31, 2022
Coupon:	5.6% annualized for each day that index closes at or above accrual barrier level; payable monthly
Price:	Par
Payout at maturity:	Par unless index falls by more than 20%, in which case exposure to losses beyond 20%
Call option:	At par on any interest payment date after a year
Initial level:	1,367.261
Barrier level:	1,093.8088, 80% of initial level
Pricing date:	March 28
Settlement date:	March 31
Agent:	Credit Suisse Securities (USA) LLC
Fees:	3.5%
Cusip:	22548QX83

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