By Susanna Moon
Chicago, Sept. 7 – Credit Suisse AG, London Branch priced $347,000 of contingent coupon autocallable yield notes due Dec. 5, 2018 linked to class A common stock of Comcast Corp., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent monthly coupon at an annualized rate of 7.5% if the stock closes at or above its 75% coupon barrier on an observation date for that month.
The notes will be called at par if the stock closes above its initial level on any quarterly call date beginning Feb. 23, 2018.
The payout at maturity will be par unless the stock ever closes below its 75% knock-in level during the life of the notes, in which case investors will be fully exposed to any losses.
Credit Suisse Securities (USA) LLC is the agent.
| Issuer: | Credit Suisse AG, London Branch
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| Issue: | Contingent coupon autocallable yield notes
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| Underlying stock: | Comcast Corp. (Symbol: CMCSA)
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| Amount: | $347,000
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| Maturity: | Dec. 5, 2018
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| Coupon: | 7.5% per year, payable monthly if stock closes at or above its 75% coupon barrier on observation date for that month
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| Price: | Par
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| Payout at maturity: | Par unless stock ever closes below 75% knock-in level, in which case full exposure to any losses
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| Call: | At par if stock closes above initial level on any quarterly call date beginning Feb. 23, 2018
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| Initial level: | $40.820
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| Knock-in level: | $30.615, 75% of initial level
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| Pricing date: | Aug. 30
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| Settlement date: | Sept. 5
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| Agent: | Credit Suisse Securities (USA) LLC
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| Fees: | 0.75%
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| Cusip: | 22550BFM0
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