New Issue: Credit Suisse sells $2.07 million autocallable yield notes on indexes

By Wendy Van Sickle

Columbus, Ohio, Jan. 31 – Credit Suisse AG, London Branch priced $2.07 million of 6.5% autocallable yield notes due April 30, 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 quarterly.

The notes will be called at par if each index closes above 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 initial level and either index ever closes below its 70% knock-in level during the life of the notes, 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:	$2,069,000
Maturity:	April 30, 2020
Coupon:	6.5% per year, payable quarterly
Price:	Par
Payout at maturity:	Par unless either index finishes below its initial level and either index ever closes below its knock-in during life of notes, in which case full exposure to any losses of the lesser-performing index
Call:	At par if each index closes above initial level on any quarterly trigger observation date after six months
Initial levels:	1,473.536 for Russell, 2,643.85 for S&P
Knock-in levels:	1,031.4752 for Russell, 1,850.695 for S&P; 70% of initial levels
Pricing date:	Jan. 28
Settlement date:	Jan. 31
Agent:	Credit Suisse Securities (USA) LLC
Fees:	2.5%
Cusip:	22551LR44

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