By Angela McDaniels
Tacoma, Wash., Sept. 17 – Credit Suisse AG, London Branch priced $2.1 million of 15% autocallable reverse convertible notes due Sept. 18, 2015 linked to the common stock of 3D Systems Corp., according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly.
The notes will be called at par if 3D Systems shares close at or above the initial share price on March 13, 2015 or June 15, 2015.
The payout at maturity will be par unless 3D Systems shares close at or below the knock-in price, 65% of the initial share price, during the life of the notes and finish below the initial share price, in which case the payout will be a number of 3D Systems shares equal to $1,000 divided by the initial share price.
Credit Suisse Securities (USA) LLC is the agent.
| Issuer: | Credit Suisse AG, London Branch
|
| Issue: | Autocallable reverse convertible securities
|
| Underlying stock: | 3D Systems Corp. (Symbol: DDD)
|
| Amount: | $2.1 million
|
| Maturity: | Sept. 18, 2015
|
| Coupon: | 15%, payable monthly
|
| Price: | Par
|
| Payout at maturity: | Par unless 3D Systems stock closes at or below knock-in price during life of notes and finishes below initial share price, in which case 20.04 3D Systems shares
|
| Call: | At par if 3D Systems shares close at or above initial share price on March 13, 2015 or June 15, 2015
|
| Initial share price: | $49.90
|
| Knock-in price: | $32.435, 65% of initial share price
|
| Pricing date: | Sept. 15
|
| Settlement date: | Sept. 18
|
| Agent: | Credit Suisse Securities (USA) LLC
|
| Fees: | 2.1%
|
| Cusip: | 22547QTC0
|
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