New Issue: Credit Suisse prices $377,000 8% autocallable reverse convertibles linked to Nike

By Devika Patel

Knoxville, Tenn., Dec. 31 – Credit Suisse AG, London Branch, priced $377,000 of 8% autocallable reverse convertible securities due Jan. 4, 2017 linked to Nike, Inc. class B common shares, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

The notes will be automatically called at par if Nike shares close at or above the initial share price on either call date.

The payout at maturity will be par unless Nike shares ever close at or below the knock-in price, 75% of the initial share price, during the life of the notes and finish below the initial share price, in which case investors will receive a number of Nike shares equal to $1,000 divided by the initial share price or, at the issuer’s option, the cash equivalent.

Credit Suisse is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Autocallable reverse convertible securities
Underlying stock:	Nike, Inc. (Symbol: NKE)
Amount:	$377,000
Maturity:	Jan. 4, 2017
Coupon:	8%, payable monthly
Price:	Par
Payout at maturity:	Par unless Nike stock falls and ever closes at or below knock-in price during life of notes, in which case 32.7976 Nike shares
Call:	At par if Nike shares close at or above initial share price on June 29, 2016 or Sept. 29, 2016
Initial level:	$64.26
Knock-in price:	$48.195, 75% of initial share price
Pricing date:	Dec. 29
Settlement date:	Jan. 4
Agent:	Credit Suisse
Fees:	0.7%
Cusip:	22546VSL1

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