New Issue: Credit Suisse sells $1.8 million autocallable yield notes on indexes

By Wendy Van Sickle

Columbus, Ohio, May 2 – Credit Suisse AG, London Branch priced $1.8 million of 9% autocallable yield notes due July 30, 2019 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.

Interest is payable quarterly.

The notes will be called at par if each index closes above its initial level on any quarterly trigger observation 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 lesser-performing index.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Autocallable yield notes
Underlying indexes:	S&P 500 and Russell 2000
Amount:	$1,799,000
Maturity:	July 30, 2019
Coupon:	9% per year, payable quarterly
Price:	Par
Payout at maturity:	Par unless either index finishes below its knock-in, in which case full exposure to any losses of the lesser-performing index
Call:	At par if each index closes above initial level on any quarterly trigger observation date after six months
Initial levels:	2,639.40 for S&P and 1,550.467 for Russell
Knock-in levels:	1,979.55 for S&P and 1,162.85025 for Russell; 75% of initial levels
Pricing date:	April 25
Settlement date:	April 30
Agent:	Credit Suisse Securities (USA) LLC
Fees:	0.75%
Cusip:	22550WPX9

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