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Published on 3/19/2018 in the Prospect News Structured Products Daily.

New Issue: Credit Suisse sells $4.70 million of 7.6% autocallable yield notes on S&P, Russell

New York, March 19 – Credit Suisse AG, London Branch priced $4.70 million of 7.6% autocallable yield notes due June 14, 2019 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

The notes will be called at par if each index closes above its initial level on any quarterly trigger observation date after six months.

The payout at maturity will be par unless either index finishes below its initial level and either index closes below its 70% knock-in level during the life of the notes, in which case investors will be fully exposed to any losses of the lesser-performing index.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:Credit Suisse AG, London Branch
Issue:Autocallable yield notes
Underlying indexes:S&P 500 and Russell 2000
Amount:$4,702,000
Maturity:June 14, 2019
Coupon:7.6% per year, payable quarterly
Price:Par
Payout at maturity:Par unless either index finishes below its initial level and either closes below its knock-in level during life of notes, in which case full exposure to any losses of the lesser-performing index
Call:At par if each index closes above initial level on any quarterly trigger observation date after six months
Initial index levels:2,786.57 for S&P and 1,597.142 for Russell
Knock-in levels:1,950.599 for S&P and 1,117.9994 for Russell; 70% of initial levels
Pricing date:March 9
Settlement date:March 14
Agent:Credit Suisse Securities (USA) LLC
Fees:0.75%
Cusip:22550WHQ3

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