New Issue: Credit Suisse sells $305,000 contingent coupon autocallables tied to ON Semiconductor

By Wendy Van Sickle

Columbus, Ohio, June 13 – Credit Suisse AG, London Branch priced $305,000 of contingent coupon autocallable yield notes due June 27, 2018 linked to ON Semiconductor Corp. common shares, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 10% if the stock closes at or above the 62.95% knock-in level on an observation date for that quarter.

The notes will be redeemed at par plus the contingent coupon if the stock closes at or above its initial level on any call date.

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

J.P. Morgan Securities LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Contingent coupon autocallable yield notes
Underlying stock:	ON Semiconductor Corp.
Amount:	$305,000
Maturity:	June 27, 2018
Contingent payment:	10% per year, payable quarterly if stock closes at or above knock-in level on observation date for that quarter
Price:	Par
Payout at maturity:	Par unless share price finishes below knock-in level, in which case 1% loss for each 1% decline
Call:	At par plus contingent payment if stock closes at or above initial level on Sept. 21, 2017, Dec. 21, 2017 or March 22, 2018
Initial share price:	$16.10
Knock-in level:	$10.13, 62.95% of initial level
Pricing date:	June 9
Settlement date:	June 14
Agent:	J.P. Morgan Securities LLC
Fees:	1%
Cusip:	22550BAJ2

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