New Issue: Credit Suisse sells $100,000 add-on 31% autocallable yield notes tied to Twitter, Micron

By Susanna Moon

Chicago, Feb. 8 – Credit Suisse AG, London Branch priced another $100,000 of 31% autocallable yield notes due Feb. 1, 2017 linked to the common stocks of Twitter, Inc. and Micron Technology, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

This brings the total deal size to $1.1 million, up from $1 million at pricing on Jan. 28.

Interest will be payable monthly.

The notes will be called at par if each stock close at or above its initial share price on any monthly observation date.

The payout at maturity will be par unless either stock finishes below its 75% knock-in level, in which case investors will be fully exposed to any losses of the worse performing stock.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London branch
Issue:	Autocallable yield notes
Underlying stocks:	Twitter, Inc. (Symbol: TWTR) and Micron Technology, Inc. (Symbol: MU)
Amount:	$1.1 million, up from $1 million
Maturity:	Feb. 1, 2017
Coupon:	31%, payable monthly
Price:	Par
Payout at maturity:	Par unless either stock falls below knock-in level, in which case full exposure to any losses of worse performing stock
Call:	At par if each stock closes at or above the initial share price on any monthly observation date
Initial levels:	$16.78 for Twitter, $10.39 for Micron
Knock-in levels:	$12.585 for Twitter, $7.7925 for Micron; 75% of initial levels
Pricing date:	Jan. 28
Settlement date:	Jan. 29 for $1 million, Feb. 5 for $100,000
Distributor:	Credit Suisse Securities (USA) LLC
Fees:	2.5%
Cusip:	22546VVW3

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