New Issue: Credit Suisse prices $697,000 8.5% autocallable reverse convertibles on Silver Wheaton

By Susanna Moon

Chicago, May 20 – Credit Suisse AG, London Branch priced $697,000 of 8.5% autocallable reverse convertible securities due May 23, 2016 linked to Silver Wheaton Corp. shares, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

The notes will be called at par if the stock closes at or above the initial share price on either call date.

The payout at maturity will be par unless the stock finishes below its initial level and ever closes below its 70% trigger level during the life of the notes, in which case the payout will be a number of Silver Wheaton shares 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:	Autocallable reverse convertible securities
Underlying stock:	Silver Wheaton Corp. (Symbol: SLW)
Amount:	$697,000
Maturity:	May 23, 2016
Coupon:	8.5%, payable monthly
Price:	Par
Payout at maturity:	Par unless stock ever dips below its trigger level during life of notes and finishes below initial level, in which case a number of shares equal to $1,000 divided by initial share price
Call:	At par if each stock closes at or above initial share price on Nov. 18, 2015 or Feb. 17, 2016
Initial level:	$20.36
Trigger level:	$14.252, 70% of initial level
Pricing date:	May 18
Settlement date:	May 21
Agent:	Credit Suisse Securities (USA) LLC
Fees:	2.1%
Cusip:	22546VD29

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