New Issue: Credit Suisse prices $776,000 contingent coupon callable yield notes linked to indexes

By Angela McDaniels

Tacoma, Wash., June 30 – Credit Suisse AG, London Branch priced $776,000 of contingent coupon callable yield notes due July 31, 2025 linked to the Euro Stoxx 50 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

Each quarter, the notes will pay a contingent coupon at the rate of 8.75% per year unless either index closes below its barrier level, 60% of its initial level, on the observation date for that quarter.

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

The notes are callable at par on any interest payment date.

Incapital LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Contingent coupon callable yield notes
Underlying indexes:	Euro Stoxx 50 and Russell 2000
Amount:	$776,000
Maturity:	July 31, 2025
Coupon:	Each quarter, notes pay contingent coupon at rate of 8.75% per year unless either index closes below barrier level on observation date for that quarter
Price:	Par
Payout at maturity:	Par unless either index finishes below barrier level, in which case full exposure to decline of lesser-performing index
Call option:	At par on any interest payment date
Initial index levels:	3,554.11 for Euro Stoxx 50 and 1,224.599 for Russell 2000
Barrier levels:	2,132.466 for Euro Stoxx 50 and 734.7594 for Russell 2000; 60% of initial levels
Pricing date:	July 28
Settlement date:	July 31
Agent:	Incapital LLC
Fees:	3.82%
Cusip:	22546VGX8

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