New Issue: Credit Suisse prices $683,000 contingent return optimization securities on S&P 500

By Marisa Wong

Madison, Wis., July 6 – Credit Suisse AG, London Branch priced $683,000 of 0% contingent return optimization securities due June 30, 2017 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is greater than or equal to the trigger level, 85% of the initial index level, the payout at maturity will be par of $10 plus the greater of 6% and the index return, subject to a maximum return of 29%.

If the final index level is less than the trigger level, investors will be fully exposed to the decline from the initial level.

UBS Financial Services Inc. acts as distributor.

Issuer:	Credit Suisse AG, London Branch
Issue:	Contingent return optimization securities
Underlying index:	S&P 500
Amount:	$683,000
Maturity:	June 30, 2017
Coupon:	0%
Price:	Par
Payout at maturity:	If the final index level is greater than or equal to the trigger level, par plus the greater of 6% and the index return, subject to a maximum return of 29%; otherwise, investors will be fully exposed to the decline from the initial level
Initial index level:	2,102.31
Trigger level:	1,786.96, 85% of initial level
Pricing date:	June 25
Settlement date:	June 30
Distributor:	UBS Financial Services Inc.
Fees:	None
Cusip:	22548F232

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