New Issue: Credit Suisse prices $1.95 million contingent coupon callable yield notes on indexes

By Wendy Van Sickle

Columbus, Ohio, April 13 – Credit Suisse AG, London Branch priced $1.95 million of contingent coupon callable yield notes due April 6, 2020 linked to the lowest performing of 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 quarterly coupon at an annualized rate of 8% if each index closes at or above its barrier level, 70% of its initial level, on a quarterly observation date.

The notes will be callable at par on any coupon payment date beginning in October.

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 any losses of the lesser-performing index.

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, Russell 2000
Amount:	$1,947,000
Maturity:	April 6, 2020
Coupon:	8% per year, payable quarterly if each index closes at or above its barrier level on observation date
Price:	Par
Payout at maturity:	Par unless either index finishes below its knock-in level, in which case full exposure to any losses of the lesser-performing index
Call option:	At par on any coupon payment date beginning in October
Initial levels:	1,385.92 for Russell, 2,362.72 for S&P
Barrier/knock-in levels:	970.144 for Russell, 1,653.904 for S&P; 70% of initial levels
Pricing date:	March 31
Settlement date:	April 5
Agent:	Credit Suisse Securities (USA) LLC
Fees:	1.9%
Cusip:	22548QW68

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