New Issue: Credit Suisse prices $18.47 million market-linked step-up notes on index basket

By Marisa Wong

Madison, Wis., June 3 – Credit Suisse AG, London Branch priced $18.47 million of 0% market-linked step-up notes due May 24, 2019 linked to a basket consisting of the Euro Stoxx 50 index and the Dow Jones industrial average, equally weighted, according to a 424B2 filing with the Securities and Exchange Commission.

If the basket finishes above the step-up value, 122.9% of the initial value, the payout at maturity will be par plus the basket return. If the basket finishes at or above the initial value and at or below the step-up value, the payout will be par plus the step-up payment of 22.9%.

Investors will receive par if the basket falls by up to 10% and will lose 1% for each 1% basket decline beyond 10%.

BofA Merrill Lynch is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Market-linked step-up notes
Underlying indexes:	Euro Stoxx 50 index and Dow Jones industrial average, equally weighted
Amount:	$18,465,330
Maturity:	May 24, 2019
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If basket finishes above 122.9% of initial value, par plus basket return; if basket finishes at or above initial value and at or below step-up value, par plus step-up payment of 22.9%; par if basket falls by up to 10%; 1% loss for each 1% basket decline beyond 10%
Pricing date:	May 28
Settlement date:	June 4
Agent:	BofA Merrill Lynch
Fees:	2.5%
Cusip:	22548D690

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