New Issue: Credit Suisse sells $779,000 contingent coupon reverse convertibles on Amazon

By Devika Patel

Knoxville, Tenn., Feb. 27 – Credit Suisse AG, London Branch priced $779,000 of contingent coupon reverse convertible securities due July 30, 2018 linked to the common stock of Amazon.com, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly at an annual rate of 5.9% if the stock closes at or above its 70% coupon barrier on the related monthly observation date.

The payout at maturity will be par unless the shares finish below the initial price and close below the 70% knock-in level any day during the life of the notes, in which case investors will receive a number of Amazon shares equal to $1,000 divided by the initial share price or, at the issuer’s option, an amount in cash equal to the value of those shares.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Contingent coupon reverse convertible securities
Underlying stock:	Amazon.com, Inc.
Amount:	$779,000
Maturity:	July 30, 2018
Coupon:	5.9%, payable monthly if stock closes at or above coupon barrier on related monthly observation date
Price:	Par
Payout at maturity:	Par unless stock finishes below initial price and closes below knock-in price on any day during life of notes, in which case a number of shares equal to $1,000 divided by the initial share price
Initial level:	$1,500
Coupon barrier:	$1,050, 70% of initial share price
Knock-in price:	$1,050, 70% of initial share price
Pricing date:	Feb. 23
Settlement date:	Feb. 28
Agent:	Credit Suisse Securities (USA) LLC
Fees:	1.5%
Cusip:	22549JQH6

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