New Issue: Credit Suisse sells $2.96 million 6.5% contingent coupon callables tied to indexes

By Susanna Moon

Chicago, March 8 – Credit Suisse AG, London Branch priced $2.96 million of contingent coupon callable yield notes due Feb. 26, 2021 linked to the lesser 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 contingent semiannual coupon at an annual rate of 6.5% if each index closes at or above its 70% coupon barrier on the observation date for that period.

The notes are callable at par on any interest payment date.

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 worse performing index.

Credit Suisse Securities (USA) LLC is the underwriter.

Issuer:	Credit Suisse AG, London Branch
Issue:	Contingent coupon callable yield notes
Underlying indexes:	S&P 500 and Russell 2000
Amount:	$2,956,000
Maturity:	Feb. 26, 2021
Coupon:	6.5% annualized, payable semiannually if each index closes at or above its 70% coupon barrier on observation date for that period
Price:	Par
Payout at maturity:	Par unless either index ends below 70% knock-in level, in which full exposure to losses of worse performing index
Call option:	At par on any interest payment date beginning Aug. 22, 2018
Initial levels:	2,732.22 for S&P, 1,543.551 for Russell
Barrier levels:	1,912.554 for S&P, 1,080.4857 for Russell; 70% of initial levels
Pricing date:	Feb. 16
Settlement date:	Feb. 26
Agent:	Credit Suisse Securities (USA) LLC
Fees:	2%
Cusip:	22550WC47

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