New Issue: Credit Suisse prices $809,000 autocallables linked to S&P 500, Russell

By Susanna Moon

Chicago, May 13 – Credit Suisse AG, London Branch priced $809,000 of 0% autocallable securities due May 16, 2018 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par plus 9% per year if each index closes at or above its initial level on any semiannual observation date.

A knock-in event occurs if either index ever closes at or below its knock-in level, 75% of its initial level, on any trading day during the life of the notes.

The payout at maturity will be par plus 9% unless a knock-in event occurs, in which case investors will be fully exposed to any losses of the worse performing index.

Credit Suisse Securities (USA) LLC is the underwriter.

Issuer:	Credit Suisse AG, London Branch
Issue:	Autocallable securities
Underlying indexes:	S&P 500 and Russell 2000
Amount:	$809,000
Maturity:	May 16, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	If each index never dips below knock-in levels, par plus 9%; otherwise, full exposure to any losses of worse performing index
Call:	At par plus 9% per year if each index closes at or above its initial level on any semiannual observation date
Initial index levels:	2,064.46 for S&P and 1,114.741 for Russell
Knock-in levels:	1,548.345 for S&P and 836.05575 for Russell; 75% of initial levels
Pricing date:	May 11
Settlement date:	May 16
Agent:	Credit Suisse Securities (USA) LLC
Fees:	2.825%
Cusip:	22548Q5S0

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