New Issue: Credit Suisse sells $2.57 million trigger callable yield notes linked to SPDR S&P Midcap 400

By Sarah Lizee

Olympia, Wash., July 17 – Credit Suisse AG, London Branch priced $2.57 million of 7.6% trigger callable yield notes due July 20, 2021 linked to the SPDR S&P Midcap 400 ETF Trust, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

The notes are callable at par on any monthly call date after three months.

The payout at maturity will be par of $10 unless the ETF finishes below its 55% trigger level, in which case investors will be fully exposed to the ETF’s decline.

UBS Financial Services Inc. and Credit Suisse Securities (USA) LLC are the agents.

Issuer:	Credit Suisse AG, London Branch
Issue:	Trigger callable yield notes
Underlying ETF:	SPDR S&P Midcap 400 ETF Trust
Amount:	$2,573,500
Maturity:	July 20, 2021
Coupon:	7.6%, payable monthly
Price:	Par of $10
Call option:	At par on any monthly call date after three months
Payout at maturity:	If ETF finishes at or above trigger level, par; otherwise, full exposure to losses of ETF
Initial level:	$334.61
Trigger level:	$184.04; 55% of initial level
Pricing date:	July 15
Settlement date:	July 20
Agents:	UBS Financial Services Inc. and Credit Suisse Securities (USA) LLC
Fees:	None
Cusip:	22550X170

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