New Issue: Credit Suisse prices $2.85 million callable cert plus notes linked to S&P 500, Russell 2000

By Susanna Moon

Chicago, Feb. 5 - Credit Suisse AG priced $2.85 million of 0% callable cert plus securities due Feb. 5, 2016 linked to S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

A knock-in event occurs if either component finishes at or below its 70% knock-in level.

If the worse performing component finishes above the initial level, the payout at maturity will be par plus 150% of the gain.

If the worse performing component falls but a knock-in event has not occurred, the payout will be par.

Otherwise, the payout will be par plus the return with exposure to any losses.

The notes are callable at par plus a call return of 10% on Feb. 11, 2015.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Callable cert plus securities
Underling indexes:	S&P 500, Russell 2000
Amount:	$2,848,000
Maturity:	Feb. 5, 2016
Coupon:	0%
Price:	Par
Payout at maturity:	If worse performing component gains, par plus 150% of return; if worse performing component falls by up to 30%, par; otherwise, par plus return with exposure to any losses
Call option:	At par plus 10% on Feb. 11, 2015
Initial levels:	1,782.59 for S&P, 1,130.88 for Russell
Knock-in levels:	1,247.813 for S&P, 791.616 for Russell, 70% of initial levels
Pricing date:	Jan. 31
Settlement date:	Feb. 7
Agent:	Credit Suisse Securities (USA) LLC
Fees:	0.55%
Cusip:	22547QG91

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