New Issue: Credit Suisse prices $1 million 15% autocallable yield notes on Twitter

New York, Nov. 2 – Credit Suisse AG, London Branch priced $1 million of 15% autocallable yield notes due Nov. 7, 2016 linked to the common stock of Twitter, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

Interest will be payable monthly.

Starting on April 28, 2016, the notes will be called at par if the stock closes at or above its initial share price on any monthly call date.

The payout at maturity will be par unless the stock ever closes at or below its knock-in level, 50% of its initial share price, during the life of the notes and finishes below its initial share price, in which case investors will receive par plus the stock return, with full exposure to any losses.

Morgan Stanley & Co. LLC is the distributor.

Issuer:	Credit Suisse AG, London Branch
Issue:	Autocallable yield notes
Underlying stock:	Twitter, Inc. (Symbol: TWTR)
Amount:	$1 million
Maturity:	Nov. 7, 2016
Coupon:	15%, payable monthly
Price:	Par
Payout at maturity:	Par unless stock ever closes at or below knock-in level and finishes below initial price, in which case full exposure to any losses
Call:	At par if stock closes at or above initial share price on April 28, 2016, May 27, 2016, June 27, 2016, July 29, 2016, Aug. 29, 2016 or Sept. 28, 2016
Initial price:	$30.87
Knock-in level:	$15.44, 50% of initial level
Pricing date:	Oct. 29
Settlement date:	Nov. 5
Distributor:	Morgan Stanley & Co. LLC
Fees:	1.5%
Cusip:	22546VPY6

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