By Marisa Wong
Morgantown, W.Va., Jan. 15 – Credit Suisse AG, London Branch priced $900,000 of 7.3% autocallable coupon buffered securities due Jan. 19, 2017 linked to Apple Inc. shares, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly.
The notes will be called at par plus the coupon if the price of Apple stock closes at or above the initial price on any quarterly call observation date.
The payout at maturity will be par plus the coupon unless the stock falls by more than 15%, in which case investors will lose 1% for every 1% decline beyond 15%.
Credit Suisse Securities (USA) LLC is the agent.
| Issuer: | Credit Suisse AG, London Branch
|
| Issue: | Autocallable coupon buffered securities
|
| Underlying stock: | Apple Inc. (Nasdaq: AAPL)
|
| Amount: | $900,000
|
| Maturity: | Jan. 19, 2017
|
| Coupon: | 7.3%, payable monthly
|
| Price: | Par
|
| Payout at maturity: | Par unless stock falls by more than 15%, in which case 1% loss for every 1% decline beyond 15%
|
| Call: | At par plus coupon if price of Apple stock closes at or above initial price on quarterly call observation date
|
| Initial level: | $97.39
|
| Pricing date: | Jan. 13
|
| Settlement date: | Jan. 19
|
| Agent: | Credit Suisse Securities (USA) LLC
|
| Fees: | 0.25%
|
| Cusip: | 22546VUL8
|
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