New Issue: Credit Suisse prices $1.14 million contingent coupon callable yield notes linked to indexes

By Susanna Moon

Chicago, Sept. 15 – Credit Suisse AG, London Branch priced $1.14 million of contingent coupon callable yield notes due Sept. 17, 2018 linked to the S&P 500 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent semiannually coupon at the rate of 7.25% per year if each index closes at or above its barrier level, 75% of its initial level, on any day during that period.

The payout at maturity will be par unless either index finishes below its barrier level, in which case investors will be fully exposed to any losses of the worse performing index.

The notes are callable at par on any interest payment date beginning March 15, 2016.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Contingent coupon callable yield notes
Underlying indexes:	S&P 500, Dow Jones industrial average
Amount:	$1,135,000
Maturity:	Sept. 17, 2018
Coupon:	7.25% per year, payable semiannually if each index closes at or above barrier level during that period
Price:	Par
Payout at maturity:	Par unless any either finishes below barrier level, in which case full exposure to any losses of performing index
Call option:	At par on any interest payment date beginning March 15, 2016
Initial index levels:	1,952.29 for S&P, 16,330.40 for Dow
Barrier levels:	65% of initial levels
Pricing date:	Sept. 10
Settlement date:	Sept. 15
Agent:	Credit Suisse Securities (USA) LLC
Fees:	0.8%
Cusip:	22546VMA1

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