New Issue: Credit Suisse prices $1.17 million reverse convertibles tied to Facebook

By Wendy Van Sickle

Columbus, Ohio, Oct. 5 – Credit Suisse AG, London Branch priced $1.17 million of 8.4% reverse convertible securities due Oct. 5, 2017 linked to the class A common stock of Facebook, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable quarterly.

The payout at maturity will be par unless the stock ever closes at or below the 80% knock-in price during the life of the notes, in which case investors will receive a number of Facebook shares equal to $1,000 divided by the initial level or, at the issuer’s option, the cash equivalent.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Reverse convertible securities
Underlying stock:	Facebook, Inc. (Symbol: FB)
Amount:	$1,171,000
Maturity:	Oct. 5, 2017
Coupon:	8.4%, payable quarterly
Price:	Par
Payout at maturity:	Par unless Facebook stock closes at or below knock-in price during life of notes and finishes below initial share price, in which case a number of Facebook shares equal to $1,000 divided by the initial level or an amount in cash equal to value of those shares
Initial share price:	$128.27
Knock-in price:	$102.62, 80% of initial share price
Pricing date:	Sept. 30
Settlement date:	Oct. 5
Agent:	Credit Suisse Securities (USA) LLC
Fees:	1.625%
Cusip:	22549JCD0

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