New Issue: Credit Suisse prices $49.12 million step-up notes linked to Euro Stoxx 50

By Angela McDaniels

Tacoma, Wash., Dec. 26 - Credit Suisse AG, London Branch priced $49.12 million of 0% market-linked step-up notes due Jan. 5, 2016 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index's final level is greater than the step-up value, the payout at maturity will be par of $10 plus the index return. The step-up value is 120% of the initial level.

If the index's final level is greater than or equal to the initial level but less than or equal to the step-up value, the payout will be par plus 20%.

If the index's final level is less than the initial level, investors will have 1-to-1 exposure to the decline.

BofA Merrill Lynch is the underwriter.

Issuer:	Credit Suisse AG, London Branch
Issue:	Market-linked step up notes
Underlying index:	Euro Stoxx 50
Amount:	$49,124,740
Maturity:	Jan. 5, 2016
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If index's final level is greater than step-up value, par plus index return; if index's final level is greater than or equal to initial level but less than or equal to step-up value, par plus 20%; if index's final level is less than initial level, 1-to-1 exposure to decline
Initial index level:	3,070.91
Step-up value:	3,685.09, or 120% of initial level
Pricing date:	Dec. 23
Settlement date:	Dec. 31
Underwriters:	BofA Merrill Lynch
Fees:	2%
Cusip:	22545F508

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