New Issue: Credit Suisse sells $705,000 contingent coupon callable yield notes on indexes

By Wendy Van Sickle

Columbus, Ohio, July 7 – Credit Suisse AG, London Branch priced $705,000 of contingent coupon callable yield notes due July 6, 2022 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filed with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon of 6.75% per year unless either index closes below its 60% coupon barrier on the observation date for that quarter.

The payout at maturity will be par unless either index finishes below its 60% knock-in level, in which case investors will lose 1% for each 1% decline of the worse performing index.

The notes will be 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 index, Russell 2000 index
Amount:	$705,000
Maturity:	July 6, 2022
Coupon:	6.75% per year, payable quarterly, unless either index closes below 60% coupon barrier level on observation date for quarter
Price:	Par of $1,000
Payout at maturity:	Par unless either index finishes below 60% knock-in level, in which case 1% loss for each 1% decline of worse performing index
Call option:	At par on any interest payment date other than the maturity date
Initial levels:	2,423.41 for S&P, 1,454.046 for Russell
Knock-in levels:	1,415.359 for S&P, 849.2154 for Russell; 60% of initial levels
Pricing date:	June 30
Settlement date:	July 6
Agent:	Credit Suisse Securities (USA) LLC
Fees:	0.7%
Cusip:	22550B6P3

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