New Issue: Credit Suisse sells $11.92 million trigger callable yield notes linked to S&P

By Wendy Van Sickle

Columbus, Ohio, Aug. 18 – Credit Suisse AG, London Branch priced $11.92 million of 4.85% trigger callable yield notes due Aug. 4, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

The notes are callable at par on any monthly call date after three months.

The payout at maturity will be par of $10 unless the index finishes below its 57% trigger level, in which case investors will be fully exposed to the index’s decline.

Credit Suisse Securities (USA) LLC and UBS Financial Services Inc. are the agents.

Issuer:	Credit Suisse AG, London Branch
Issue:	Trigger callable yield notes
Underlying index:	S&P 500 index
Amount:	$11,918,000
Maturity:	Aug. 4, 2021
Coupon:	4.85%, payable monthly
Price:	Par of $10
Call option:	At par on any monthly call date after three months
Payout at maturity:	If index finishes at or above trigger level, par; otherwise, full exposure to losses of index
Initial level:	3,271.12
Trigger level:	1,864.54; 57% of initial level
Pricing date:	July 31
Settlement date:	Aug. 5
Agents:	Credit Suisse Securities (USA) LLC and UBS Financial Services Inc.
Fees:	1%
Cusip:	22550X303

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