New Issue: Credit Suisse sells $864,000 7.25% yield callables tied to S&P, Russell

By Susanna Moon

Chicago, Aug. 9 – Credit Suisse AG, London branch priced $864,000 of 7.25% callable yield securities due Nov. 4, 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 are callable at par on any interest payment after one year.

The payout at maturity will be par unless either index ever closes below its 70% knock-in level during the life of the notes, 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:	Callable yield securities
Underlying indexes:	S&P 500, Russell 2000
Amount:	$864,000
Maturity:	Nov. 4, 2019
Coupon:	7.25%, payable quarterly
Price:	Par
Payout at maturity:	If each index never closes below 70% knock-in, par; otherwise, 1% loss for each 1% decline of worse performing index
Call option:	At par on any interest payment date beginning Aug. 5, 2019
Initial levels:	2,816.29 for S&P, 1,670.805 for Russell
Knock-in levels:	1,971.403 for S&P, 1,169.5635 for Russell, 70% of initial levels
Pricing date:	July 31
Settlement date:	Aug. 3
Agent:	Credit Suisse Securities (USA) LLC
Fees:	0.75%
Cusip:	22550BVV2

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