Chicago, May 13 – Credit Suisse AG, London Branch priced $30 million of 0% equity-linked notes due April 21, 2025 linked to the common stock of Exxon Mobil Corp., according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be the reference value, which is the product of the final level multiplied by a 20.12111 conversion ratio. In other words, the return on the securities will be less than 1% for every 1% increase in the underlying stock beyond a 16% percentage increase in the final level of the stock.
If the reference value is less than $1,000, meaning the final level of the stock is less than a 16% increase in the stock price, investors will receive par at maturity.
Credit Suisse Securities (USA) LLC is the agent.
| Issuer: | Credit Suisse AG, London Branch
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| Issue: | Equity-linked notes
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| Underlying stock: | Exxon Mobil Corp.
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| Amount: | $30 million
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| Maturity: | April 21, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 20.12111 times the stock price, par if stock gains by 16% or less, or decreases
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| Conversion ratio: | 20.12111
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| Initial share price: | $42.844
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| Pricing date: | April 14
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| Settlement date: | April 21
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| Agent: | Credit Suisse Securities (USA) LLC
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| Fees: | None
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| Cusip: | 22551NY67
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