By Marisa Wong
Morgantown, W.Va., Jan. 14 – Credit Suisse AG, London Branch priced $1 million of 9.5% autocallable yield notes due Jan. 19, 2017 linked to the common stock of Facebook, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be payable monthly.
The notes will be called at par if Facebook shares close at or above the initial share price on any monthly observation date beginning July 12.
The payout at maturity will be par unless the final share price is less than the initial price and the stock closes at or below the 60% knock-in level on any day during the life of the notes, in which case investors will be fully exposed to the decline.
Morgan Stanley and Co. is the distributor.
| Issuer: | Credit Suisse AG, London Branch
|
| Issue: | Autocallable yield notes
|
| Underlying stock: | Facebook, Inc. (Symbol: FB)
|
| Amount: | $1 million
|
| Maturity: | Jan. 19, 2017
|
| Coupon: | 9.5%, payable monthly
|
| Price: | Par
|
| Payout at maturity: | Par unless the final share price is less than the initial price and the stock closes at or below the knock-in level on any day during the life of the notes, in which case investors will be fully exposed to the decline
|
| Call: | At par if Facebook shares close at or above the initial share price on any monthly observation date beginning July 12
|
| Initial share price: | $97.33
|
| Knock-in price: | $58.398, 60% of initial price
|
| Pricing date: | Jan. 11
|
| Settlement date: | Jan. 19
|
| Distributor: | Morgan Stanley and Co.
|
| Fees: | 1.5%
|
| Cusip: | 22546VUK0
|
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