New Issue: Credit Suisse sells $553,000 autocallable yield notes on two stocks

By Wendy Van Sickle

Columbus, Ohio, July 17 – Credit Suisse AG, London Branch priced $553,000 of contingent coupon autocallable yield notes due Dec. 31, 2018 linked to the least performing of the common stock of lululemon athletica inc. and the class A common stock of Under Armour, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a monthly coupon at an annual rate of 20.65%.

The notes will be called at par if each stock closes at or above its initial level on any monthly trigger observation date after three months.

The payout at maturity will be par unless any stock finishes below its 75% knock-in level, in which case investors will be fully exposed to any losses of the least-performing stock.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Autocallable yield notes
Underlying stocks:	lululemon athletica inc. and Under Armour, Inc.
Amount:	$553,000
Maturity:	Dec. 31, 2018
Coupon:	20.65% per year, payable monthly
Price:	Par
Payout at maturity:	Par unless any stock finishes below knock-in level, in which full exposure to the losses of the least performing stock
Call:	Automatically if each stock closes at or above initial level on any monthly trigger observation date after three months
Initial prices:	$126.79 for lululemon, $22.60 for Under Armour
Knock-in levels:	$950.925 for lululemon, $16.95 for Under Armour; 75% of initial levels
Pricing date:	June 27
Settlement date:	June 29
Agent:	Credit Suisse Securities (USA) LLC
Fees:	2.5%
Cusip:	22550WZN0

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