New Issue: Credit Suisse sells $637,000 6.1% contingent coupon callables tied to two indexes

By Wendy Van Sickle

Columbus, Ohio, April 10 – Credit Suisse AG, London Branch priced $637,000 of contingent coupon callable yield notes due March 31, 2025 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 6.1% if each index closes at or above its 60% coupon barrier on the observation date for that quarter.

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

The payout at maturity will be par unless either index closes below its 60% 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 underwriter.

Issuer:	Credit Suisse AG, London Branch
Issue:	Contingent coupon callable yield notes
Underlying indexes:	S&P 500 index, Russell 2000 index
Amount:	$637,000
Maturity:	March 31, 2025
Coupon:	6.1% annualized, payable quarterly if each index closes at or above 60% coupon barrier on observation date for that quarter
Price:	Par
Payout at maturity:	Par unless either index closes below 60% knock-in level, in which case 1% loss per 1% decline of worse performing index
Call option:	At par on any interest payment date after six months
Initial levels:	2,658.55 for S&P, 1,543.717 for Russell
Trigger levels:	1,595.13 for S&P, 926.2302 for Russell; 60% of initial levels
Pricing date:	March 26
Settlement date:	March 29
Agent:	Credit Suisse Securities (USA) LLC
Fees:	4%
Cusip:	22550WJ24

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