By Susanna Moon
Chicago, Aug. 22 – Credit Suisse AG, London branch priced $1.38 million of 9.35% autocallable coupon buffered securities due Aug. 22, 2018 linked to Ally Financial Inc. stock, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly.
The notes will be called at par if the stock closes at or above its initial level on any quarterly determination date.
The payout at maturity will be par unless the stock falls by more than 10%, in which case investors will be exposed to any losses beyond the buffer.
Credit Suisse Securities (USA) LLC is the agent.
Issuer: | Credit Suisse AG, London branch
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Issue: | Autocallable coupon buffered securities
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Underlying stock: | Ally Financial Inc. (Symbol: ALLY)
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Amount: | $1,377,000
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Maturity: | Aug. 22, 2018
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Coupon: | 9.35%, payable monthly
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Price: | Par
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Payout at maturity: | Par unless stock falls by more than 10%, in which case 1% loss for each 1% decline beyond 10%
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Call: | At par if stock closes at or above its initial level on any quarterly determination date
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Initial price: | $22.59
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Strike date: | Aug. 16
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Pricing date: | Aug. 17
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Settlement date: | Aug. 22
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Agent: | Credit Suisse Securities (USA) LLC
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Fees: | 0.25%
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Cusip: | 22549JKB5
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