New Issue: Credit Suisse sells $967,000 7.5% contingent coupon callables tied to two indexes

By Susanna Moon

Chicago, Sept. 14 – Credit Suisse AG, London branch priced $967,000 of contingent coupon callable yield notes due Sept. 7, 2021 linked to the worse performing of the Russell 2000 index and the S&P 500 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 7.5% if each underlying index closes at or above its 70% coupon barrier on the observation date for that quarter.

The notes are callable on any review date after six months.

The payout at maturity will be par unless either underlying index closes below its 70% 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 indexes:	Russell 2000, S&P 500
Amount:	$967,000
Maturity:	Sept. 7, 2021
Coupon:	7.5% annualized, payable quarterly if each index closes at or above 70% coupon barrier on observation date for that quarter
Price:	Par
Payout at maturity:	If each index closes at or above knock-in level, par; otherwise, 1% loss for each 1% decline of worse performing index
Call option:	At par on any interest payment date beginning March 6, 2019
Initial levels:	2,901.52 for S&P, 1,740.753 for Russell
Trigger levels:	2,031.064 for S&P, 1,218.5271 for Russell, 70% of initial levels
Pricing date:	Aug. 31
Settlement date:	Sept. 6
Agent:	Credit Suisse Securities (USA) LLC
Fees:	0.8%
Cusip:	22551L2Q2

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