New Issue: Credit Suisse prices $700,000 9% autocallable yield notes tied to three stocks

By Wendy Van Sickle

Columbus, Ohio, April 29 – Credit Suisse AG, London Branch priced $700,000 of 9% autocallable yield notes due April 29, 2019 linked to the class P common stock of Kinder Morgan, Inc., the common stock of Exxon Mobil Corp. and the common stock of ConocoPhillips, according to a 424B2 filing with the Securities and Exchange Commission.

Interest will be payable monthly.

The notes will be called at par if each stock closes at or above its initial share price on any quarterly observation date.

The payout at maturity will be par unless any stock finishes below its knock-in level, 50% of its initial share price, in which case investors will be fully exposed to the decline of the least-performing stock.

Incapital LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Autocallable yield notes
Underlying stocks:	Kinder Morgan, Inc. (NYSE: KMI), Exxon Mobil Corp. (NYSE: XOM) and ConocoPhillips (NYSE: COP)
Amount:	$700,000
Maturity:	April 29, 2019
Coupon:	9%
Price:	Par
Payout at maturity:	Par unless any stock finishes below knock-in level, in which case full exposure to decline of worst-performing stock
Call:	At par if each stock closes at or above its initial share price on any quarterly observation date
Initial share prices:	$17.90 for Kinder Morgan, $87.63 for Exxon and $48.08 for ConocoPhillips
Knock-in prices:	$8.95 for Kinder Morgan, $43.815 for Exxon and $$24.04 for ConocoPhillips; 50% of initial share prices
Pricing date:	April 26
Settlement date:	April 29
Agent:	Incapital LLC
Fees	3.43%
Cusip:	22548Q2U8

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.