New Issue: Credit Suisse prices $3.93 million Strategic Accelerated Redemption Securities tied to S&P 500

By Wendy Van Sickle

Columbus, Ohio, Dec. 23 – Credit Suisse AG, London Branch priced $3.93 million of Strategic Accelerated Redemption Securities due Jan. 12, 2018 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at a premium of 7.9% per year if the closing level of the index is greater than its starting value on any of three observation dates.

If the notes are not called, investors will have full exposure to any losses in the index.

BofA Merrill Lynch is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Strategic Accelerated Redemption Securities
Underlying index:	S&P 500
Amount:	$3,926,150
Maturity:	Jan. 12, 2018
Coupon:	0%
Price:	Par of $10.00
Payout at maturity:	Full exposure to loss
Call:	If the closing level of the index is greater than its starting value on any of three observation dates; call amount is $10.395 if called on June 23, 2017, $10.5925 if called on Sept. 22, 2017 and $10.79 if called on Jan. 5, 2018
Initial level:	2,270.76
Agent:	BofA Merrill Lynch
Pricing date:	Dec. 20
Settlement date:	Dec. 30
Fees:	1.25%
Cusip:	22547V576

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