New Issue: Credit Suisse sells $1.51 million contingent coupon buffered notes on indexes

By Wendy Van Sickle

Columbus, Ohio, June 16 – Credit Suisse AG, London Branch priced $1.51 million of contingent coupon buffered yield notes due June 17, 2024 linked to the lowest performing of the Dow Jones industrial average and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a monthly coupon at an annualized rate of 7.3% if each index closes at or above its coupon barrier level, 75% of its initial level, on a monthly observation date.

The payout at maturity will be par unless either index finishes below its 85% buffer, in which case investors will lose 1% for each 1% decline of the lesser-performing index beyond the buffer.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Contingent coupon buffered yield notes
Underlying indexes:	Dow Jones industrial average and S&P 500 index
Amount:	$1.51 million
Maturity:	June 17, 2024
Coupon:	7.3% per year, payable monthly if each index closes at or above its coupon barrier level on monthly observation date
Price:	Par
Payout at maturity:	Par unless either index finishes below its buffer level, in which case investors lose 1% for each 1% loss of lesser-performing index beyond buffer
Initial levels:	32,910.9 for Dow, 4,115.77 for S&P
Coupon barriers:	24,683.175 for Dow, 3,086.8275 for S&P; 75% of initial levels
Buffers:	27,974.265 for Dow, 3,498.4045 for S&P; 85% of initial levels
Pricing date:	June 10
Settlement date:	June 15
Agent:	Credit Suisse Securities (USA) LLC
Fees:	0.65%
Cusip:	22553Q5F0

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