New Issue: Credit Suisse prices $3.03 million contingent coupon callable yield notes on two indexes

By Toni Weeks

San Luis Obispo, Calif., Nov. 26 – Credit Suisse AG, London Branch priced $3.03 million of contingent coupon callable yield notes due Dec. 1, 2017 linked to 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 coupon of 7% if each index closes at or above its barrier level, 70% of its initial level, on the observation date for that interest period. Interest is payable semiannually.

The payout at maturity will be par unless either index finishes below its 70% knock-in level, in which case investors will be fully exposed to the decline of the least-performing index.

The notes will be callable at par on any interest payment date.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Contingent coupon callable yield notes
Underlying indexes:	S&P 500 and Russell 2000
Amount:	$3,034,000
Maturity:	Dec. 1, 2017
Coupon:	7%, payable semiannually if each index closes at or above its barrier level on observation date for interest period
Price:	Par
Payout at maturity:	If either index falls below knock-in level, par plus return; otherwise, par
Call option:	At par plus coupon on any interest payment date beginning June 1, 2015
Initial levels:	2,063.5 for S&P 500 and 1,172.416 for Russell 2000
Barrier/knock-in levels:	1,444.45 for S&P 500 and 820.691 for Russell 2000; 70% of initial levels
Pricing date:	Nov. 21
Settlement date:	Dec. 1
Agent:	Credit Suisse Securities (USA) LLC
Fees:	2.2%
Cusip:	22547QW93

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