New Issue: Credit Suisse prices $12.9 million buffered return equity autocallables on index, fund

By Toni Weeks

San Luis Obispo, Calif., June 12 – Credit Suisse AG, London Branch priced $12.9 million of 0% autocallable buffered return equity securities due Dec. 15, 2016 linked to the Russell 2000 index and the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par plus an annualized redemption premium of 11.1% if each component closes at or above its initial level on any of three semiannual observation dates.

If the notes are not called, the payout at maturity will be par if the final level of each component is at least 80% of its initial level. Otherwise, investors will lose 1.25% for each 1% decline of the least-performing component beyond the 20% buffer.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Autocallable buffered return equity securities
Underlying components:	Russell 2000 index and iShares MSCI EAFE ETF
Amount:	$12,898,000
Maturity:	Dec. 15, 2016
Coupon:	0%
Price:	Par
Payout at maturity:	Par if each component finishes at or above 80% of its initial level; otherwise, 1.25% loss for each 1% decline of least-performing component beyond buffer
Call:	At par plus 11.1% per year if each component finishes at or above initial level on Dec. 10, 2015 June 10, 2016 or Dec. 12, 2016
Initial levels:	1,249.658 for Russell and $65.18 for iShares MSCI EAFE
Buffer amount:	20%
Pricing date:	June 10
Settlement date:	June 15
Agent:	Credit Suisse Securities (USA) LLC
Fees:	0.4%
Cusip:	22546VFD3

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