By Susanna Moon
Chicago, April 1 - Credit Suisse AG, London Branch priced $6,726,200 of autocallable market-linked step-up notes due March 31, 2017 linked to a basket of two equally weighted indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The underlying components are the Nasdaq 100 index and the Euro Stoxx 50 index.
The notes will be called at par plus an annual call premium of 8% if the basket closes at or above its initial level on any call quarterly date.
If the basket finishes above the step-up value - 139.5% of the initial level - the payout at maturity will be par plus the basket gain.
If the basket finishes at or below the step-up level but at or above the initial level, the payout will be par plus the step-up return of 39.5%.
Investors will be exposed to any losses.
BofA Merrill Lynch is the agent.
| Issuer: | Credit Suisse AG, London Branch
|
| Issue: | Autocallable market-linked step-up notes
|
| Underlying basket: | Nasdaq 100 index and the Euro Stoxx 50 index, equally weighted
|
| Amount: | $6,726,200
|
| Maturity: | March 31, 2017
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If basket finishes above step-up value, par plus basket gain; if basket finishes at or below step-up level but at or above initial level, par plus 39.5%; otherwise, exposure to any losses
|
| Step-up value: | 139.5% of initial level
|
| Call: | At par plus 8% annualized if basket closes at or above initial level on any quarterly call date
|
| Pricing date: | March 27
|
| Settlement date: | April 3
|
| Underwriter: | BofA Merrill Lynch
|
| Fees: | 2%
|
| Cusip: | 22545F615
|
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