New Issue: Credit Suisse prices $25.24 million Strategic Accelerated Redemption Securities tied to S&P 500

By Wendy Van Sickle

Columbus, Ohio, May 3 – Credit Suisse AG, London Branch priced $25.24 million of Strategic Accelerated Redemption Securities due May 12, 2017 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at a premium of 6.8% per year if the closing level of the index is greater than its starting value on any of three observation dates.

For each $10.00 note, the call amount is $10.34 if called on Oct. 21, 2016, $10.51 if called on Jan. 20, 2017 and $10.68 if called on May 5, 2017.

If the notes are not called, the payout at maturity will be par if the final index level is at least 95% of the initial level. Otherwise, investors will lose 1% for each 1% decline beyond 5%.

BofA Merrill Lynch is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Strategic Accelerated Redemption Securities
Underlying index:	S&P 500
Amount:	$25,236,670
Maturity:	May 12, 2017
Coupon:	0%
Price:	Par of $10.00
Payout at maturity:	Par for losses up to 5%; share in losses beyond 5%
	Call:	If the closing level of the index is greater than its starting value on any of three observation dates; call amount is $10.34 if called on Oct. 21, 2016, $10.51 if called on Jan. 20, 2017 and $10.68 if called on May 5, 2017
Initial index level:	2,075.81
Threshold level:	1,972.02, or 95% of initial level
Agent:	BofA Merrill Lynch
Fees:	1.25%
Pricing date:	April 28
Settlement date:	May 5
Cusip:	22549H203

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