New Issue: Credit Suisse sells $1.51 million callable yield notes on Stoxx, ETF

By Wendy Van Sickle

Columbus, Ohio, July 27 – Credit Suisse AG, London Branch priced $1.51 million of callable yield notes due July 26, 2019 linked to the least performing of the Euro Stoxx 50 index and the Energy Select Sector SPDR Fund, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a quarterly coupon at an annual rate of 6.1%.

The notes will be callable at par on any coupon payment date after six months.

The payout at maturity will be par unless either asset finishes below its 65% knock-in level, in which case investors will be fully exposed to any losses of the least-performing asset.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Callable yield notes
Underlying assets:	Euro Stoxx 50 index and Energy Select Sector SPDR Fund
Amount:	$1,507,000
Maturity:	July 26, 2019
Coupon:	6.1% per year, payable quarterly
Price:	Par
Payout at maturity:	Par unless either asset finishes below its knock-in level, in which case full exposure to any losses of the least-performing asset
Call option:	At par on any coupon payment date after six months
Initial levels:	3,451.71 for index, $65.11 for ETF
Barrier/knock-in levels:	2,243.6115 for index, $42.3215 for ETF; 65% of initial levels
Pricing date:	July 21
Settlement date:	July 26
Agent:	Credit Suisse Securities (USA) LLC
Fees:	1.5%
Cusip:	22550BCX9

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