New Issue: Credit Suisse prices $1.85 million callable contingent income securities linked to indexes

By Angela McDaniels

Tacoma, Wash., Sept. 29 – Credit Suisse AG, London Branch priced $1.85 million of callable contingent income securities due Sept. 29, 2022 linked to the Euro Stoxx 50 index, the Russell 2000 index and the MSCI Emerging Markets index, according to a 424B2 filing with the Securities and Exchange Commission.

Each quarter, the notes will pay a contingent coupon at the rate of 10.5% per year if each index closes at or above its coupon barrier level, 75% of its initial level, on the observation date for that quarter.

If the lowest-performing index finishes at or above its knock-in level, 65% of its initial level, the payout at maturity will be par plus the final coupon, if any. If the lowest-performing index finishes below its knock-in level, investors will be fully exposed to the decline of the lowest-performing index from its initial level.

Beginning Jan. 2, 2018, the notes will be callable at par on any interest payment date.

Credit Suisse Securities (USA) LLC is the agent. Morgan Stanley Smith Barney LLC is distributor.

Issuer:	Credit Suisse AG, London Branch
Issue:	Callable contingent income securities
Underlying indexes:	Euro Stoxx 50, Russell 2000 and MSCI Emerging Markets
Amount:	$1.85 million
Maturity:	Sept. 29, 2022
Coupon:	10.5% per year, payable quarterly if each index closes at or above coupon barrier level on observation date for that quarter
Price:	Par
Payout at maturity:	If each index finishes at or above knock-in level, par; if any index finishes below knock-in level, full exposure to decline of lowest-performing index from its initial level
Call option:	Beginning Jan. 2, 2018, at par on any interest payment date
Initial index levels:	1,080.11 for MSCI Emerging Markets, 1,456.863 for Russell 2000 and 3,536.38 for Euro Stoxx 50
Coupon barriers:	810.08 for MSCI Emerging Markets, 1,092.647 for Russell 2000 and 2,652.29 for Euro Stoxx 50; 75% of initial levels
Knock-in levels:	702.07 for MSCI Emerging Markets, 946.961 for Russell 2000 and 2,298.65 for Euro Stoxx 50; 65% of initial levels
Pricing date:	Sept. 26
Settlement date:	Sept. 29
Agent:	Credit Suisse Securities (USA) LLC
Distribution:	Morgan Stanley Smith Barney LLC
Fees:	3%
Cusip:	22550BJB0

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