New Issue: Credit Suisse prices $13.45 million market-linked step-up notes tied to S&P 500

By Marisa Wong

Morgantown, W.Va., Aug. 24 – Credit Suisse AG, London Branch priced $13.45 million of 0% market-linked step-up notes due Aug. 30, 2019 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes above the step-up value – 119.6% of the initial level – the payout at maturity will be par plus the index gain.

If the index finishes at or below the step-up level but at or above the initial level, the payout will be par plus the step-up return of 19.6%.

Investors will be exposed to any losses.

BofA Merrill Lynch is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Market-linked step-up notes
Underlying index:	S&P 500
Amount:	$13,453,210
Maturity:	Aug. 30, 2019
Coupon:	0%
Price:	Par of $10.00
Payout at maturity:	If the index finishes above the step-up value, par plus the index gain; if the index finishes at or below the step-up level but at or above the initial level, par plus 19.6%; exposure to any losses
Initial level:	2,182.64
Step-up value:	119.6% of initial level
Pricing date:	Aug. 22
Settlement date:	Aug. 29
Underwriter:	BofA Merrill Lynch
Fees:	2.25%
Cusip:	22547V691

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