New Issue: Credit Suisse sells $3.1 million 7.2% autocallable yield notes on indexes

By Sarah Lizee

Olympia, Wash., Oct. 3 – Credit Suisse AG, London Branch priced $3.1 million of 7.2% autocallable yield notes due Jan. 3, 2020 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.

Interest is payable monthly.

The notes will be called at par if each index closes above 105% of its initial level on any quarterly trigger observation date after six months.

The payout at maturity will be par unless either index finishes below its 73% 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:	Autocallable yield notes
Underlying indexes:	S&P 500 and Russell 2000
Amount:	$3,104,000
Maturity:	Jan. 3, 2020
Coupon:	7.2% per year, payable monthly
Price:	Par
Payout at maturity:	Par unless either index finishes below its knock-in, in which case full exposure to any losses of the lesser-performing index
Call:	At par if each index closes above 105% of its initial level on any quarterly trigger observation date after six months
Initial levels:	2,913.98 for S&P and 1,696.571 for Russell
Trigger levels:	3,059.679 for S&P and 1,781.39955 for Russell; 105% of initial levels
Knock-in levels:	2,127.2054 for S&P and 1,238.49683 for Russell; 73% of initial levels
Pricing date:	Sept. 28
Settlement date:	Oct. 3
Agent:	Credit Suisse Securities (USA) LLC
Fees:	0.75%
Cusip:	22551LBM1

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