New Issue: Credit Suisse sells $450,000 contingent coupon autocallable notes on Facebook

By Taylor Fox

New York, Dec. 7 – Credit Suisse AG, London Branch priced $450,000 of contingent coupon autocallable yield notes due Dec. 5, 2023 linked to the common stock of Facebook, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable quarterly at an annual rate of 10.15% if the stock closes at or above its 75% coupon barrier level on a related observation date.

The notes will be called at par if the shares close at or above the initial share price on any quarterly trigger observation date.

The payout at maturity will be par unless the shares finish below the knock-in level, in which case investors be fully exposed to the losses of the stock.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Contingent coupon autocallable yield notes
Underlying stock:	Facebook, Inc.
Amount:	$450,000
Maturity:	Dec. 5, 2023
Coupon:	10.15% annual rate, payable quarterly if the stock closes at or above its coupon barrier level on a quarterly observation date
Price:	Par
Payout at maturity:	Par unless stock finishes below knock-in price, in which case full exposure to losses of stock
Call:	At par if shares close at or above initial share price on any quarterly trigger observation date
Initial level:	$276.97
Coupon barrier level:	$207.7275, 75% of initial share price
Knock-in price:	$207.7275, 75% of initial share price
Pricing date:	Nov. 30
Settlement date:	Dec. 3
Agent:	Credit Suisse Securities (USA) LLC
Fees:	2.75%
Cusip:	22552WUQ6

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