New Issue: Credit Suisse sells $18.23 million 7% contingent yield trigger autocalls on indexes

By Susanna Moon

Chicago, Feb. 28 – Credit Suisse AG, London Branch priced $18.23 million of trigger autocallable contingent yield notes due Feb. 13, 2020 linked to 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% if the index closes at or above its 80% coupon barrier on each day during that quarter.

The notes will be called at par if the index closes at or above its initial level on any quarterly determination date after six months.

The payout at maturity will be par unless the index finishes below its 80% downside threshold, in which case investors will be fully exposed to any losses.

UBS Financial Services Inc. is the distributor.

Issuer:	Credit Suisse AG, London branch
Issue:	Trigger autocallable contingent yield notes
Underlying index:	S&P 500
Amount:	$18,231,300
Maturity:	Feb. 13, 2020
Coupon:	7% annualized, payable quarterly if index closes at or above 80% coupon barrier on observation date for that quarter
Price:	Par of $10
Payout at maturity:	If index finishes at or above 80% downside threshold, par; otherwise, 1% loss for each 1% decline
Call:	At par if index closes at or above its initial level on any quarterly determination date other than the final date after six months
Initial level:	2,581
Downside threshold:	2,064.80, 80% of initial level
Pricing date:	Feb. 8
Settlement date:	Feb. 13
Distributor:	UBS Financial Services Inc.
Fees:	1.5%
Cusip:	22549E416

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