New Issue: Credit Suisse prices $500,000 contingent coupon callable notes tied to Russell 2000

By Susanna Moon

Chicago, Jan. 29 – Credit Suisse AG, London Branch priced $500,000 of contingent coupon callable yield notes due Jan. 31, 2022 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes pay a contingent quarterly coupon at an annual rate of 7% if the index closes at or above its barrier level, 60% of its initial level, on the observation date for that quarter.

The payout at maturity will be par unless the index finishes below its 60% barrier level, in which case investors will be fully exposed to any losses.

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

Incapital LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Contingent coupon callable yield notes
Underlying index:	Russell 2000
Amount:	$500,000
Maturity:	Jan. 31, 2022
Coupon:	7% annualized, payable quarterly if index closes at or above barrier level on observation date for that quarter
Price:	Par
Payout at maturity:	Par unless index finishes below barrier level, in which case full exposure to any losses
Call option:	At par on any interest payment date
Initial level:	1,017.974
Barrier level:	610.7844, 60% of initial level
Pricing date:	Jan. 26
Settlement date:	Jan. 29
Agent:	Incapital LLC
Fees:	4.2%
Cusip:	22546VTX4

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