New Issue: Credit Suisse sells $1.2 million autocallable yield notes on indexes

By Kiku Steinfeld

Chicago, March 23 – Credit Suisse AG, London Branch priced $1.2 million of 4% autocallable yield notes due March 15, 2023 linked to the least performing of the Dow Jones industrial average, the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable quarterly.

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

The payout at maturity will be par unless any index finishes below its 50% knock-in level, in which case investors will be fully exposed to any losses of the least-performing index.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Autocallable yield notes
Underlying indexes:	Dow Jones industrial average, S&P 500 index and Russell 2000 index
Amount:	$1,200,000
Maturity:	March 15, 2023
Coupon:	4% per year, payable quarterly
Price:	Par
Payout at maturity:	Par unless any index finishes below its 50% knock-in level, in which case full exposure to any losses of the least-performing index
Call:	At par if each index closes above initial level on any quarterly trigger observation date after three quarters
Initial levels:	32297.02 for Dow, 3898.81 for S&P, 2285.683 for Russell
Knock-in levels:	16148.51 for Dow, 1949.405 for S&P and 1142.8415 for Russell; 50% of initial levels
Pricing date:	March 10
Settlement date:	March 15
Agent:	Credit Suisse Securities (USA) LLC
Fees:	0.45%
Cusip:	22552XFV0

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