New Issue: Credit Suisse sells $685,000 contingent coupon autocallable yield notes on stocks

By Tali Rackner

Norfolk, Va., Jan. 20 – Credit Suisse AG, London Branch priced $685,000 of contingent coupon autocallable yield notes due Jan. 19, 2018 linked to the common stock of Boeing Co., the capital stock of International Business Machines Corp. and the common stocks of Goldman Sachs Group, Inc., Cisco Systems, Inc. and Caterpillar Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a monthly coupon at an annualized rate of 12.6% if each stock closes above its barrier level, 70% of its initial level, on the observation date for that month.

The notes will be automatically called at plus the contingent coupon if each stock closes above its initial level on any observation date beginning April 13.

The payout at maturity will be par plus unless any stock closes below its 70% barrier level, in which case investors will receive a number of shares of the worst-performing stock equal to $1,000 divided by the initial share price.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Contingent coupon autocallable yield notes
Underlying stocks:	Boeing Co. (Symbol: BA) common stock, International Business Machines Corp. (Symbol: IBM) capital stock, Goldman Sachs Group, Inc. (Symbol: GS) common stock, Cisco Systems, Inc. (Symbol: CSCO) common stock and Caterpillar Inc. (Symbol: CAT) common stock
Amount:	$695,000
Maturity:	Jan. 19, 2018
Coupon:	12.6% per year, payable monthly if each stock closes at or above its barrier level for that month
Price:	Par
Payout at maturity:	Par plus unless any stock closes below its barrier level, in which case a number of shares of the worst-performing stock equal to $1,000 divided by the initial share price
Call option:	Automatically if each stock closes at or above its initial level on any monthly observation date beginning April 13
Initial prices:	$158.83 for Boeing, $167.34 for IBM, $244.30 for Goldman Sachs, $30.07 for Cisco and $94.48 for Caterpillar
Barrier/knock-in prices:	$111.181 for Boeing, $117.138 for IBM, $171.01 for Goldman Sachs, $21.049 for Cisco and $66.14 for Caterpillar; 70% of initial levels
Pricing date:	Jan. 13
Settlement date:	Jan. 19
Agent:	Credit Suisse Securities (USA) LLC
Fees:	2.875%
Cusip:	22549JDX5

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