New Issue: Credit Suisse sells $8.38 million trigger callable yield notes linked to iShares Russell 2000

By Wendy Van Sickle

Columbus, Ohio, Dec. 18 – Credit Suisse AG, London Branch priced $8.38 million of 6.5% trigger callable yield notes due March 21, 2022 linked to the iShares Russell 2000 ETF, 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 60% trigger level, in which case investors will be fully exposed to the ETF’s decline.

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

Issuer:	Credit Suisse AG, London Branch
Issue:	Trigger callable yield notes
Underlying ETF:	iShares Russell 2000 ETF
Amount:	$8,378,200
Maturity:	March 21, 2022
Coupon:	6.5%, 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:	$193.98
Trigger level:	$116.93; 60% of initial level
Pricing date:	Dec. 16
Settlement date:	Dec. 21
Agents:	Credit Suisse Securities (USA) LLC and UBS Financial Services Inc.
Fees:	0%
Cusip:	22551F228

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