New Issue: Credit Suisse sells $275,000 7.7% contingent coupon callables tied to indexes

By Susanna Moon

Chicago, Jan. 30 – Credit Suisse AG, London branch priced $275,000 of contingent coupon callable yield notes due July 26, 2021 linked to the least performing of S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes pay a contingent semiannual coupon at an annualized rate of 7.7% if each underlying component closes at or above its 75% coupon barrier on the observation date for that period.

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

The payout at maturity will be par unless either index finishes below its 75% knock-in level, in which case investors will be fully exposed to any losses of the worse performing index.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London branch
Issue:	Contingent coupon callable yield notes
Underlying assets:	S&P 500 index, Russell 2000 index
Amount:	$275,000
Maturity:	July 26, 2021
Contingent coupon:	7.7% annualized, payable semiannually if each index closes at or above 75% coupon barrier on observation date for that period
Price:	Par
Payout at maturity:	If each index finishes at or above knock-in, par; otherwise, 1% loss per 1% drop of worse performing index
Call option:	At par on any interest payment date beginning July 24, 2018
Initial levels:	2,810.30 for S&P, 1,597.628 for Russell
Knock-in levels:	2,107.725 for S&P, 1,198.221 for Russell; 75% of initial levels
Pricing date:	Jan. 19
Settlement date:	Jan. 24
Agent:	Credit Suisse Securities (USA) LLC
Fees:	0.45%
Cusip:	22550W6B8

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