New Issue: Credit Suisse sells $2.22 million autocallable yield notes on tech stocks

By Sarah Lizee

Olympia, Wash., July 3 – Credit Suisse AG, London Branch priced $2.22 million of autocallable yield notes due June 28, 2022 linked to the common stocks of Apple Inc., Amazon.com, Inc., Facebook, Inc. and Alphabet Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a monthly coupon at a rate of 8.5% year.

The notes will be automatically called at par plus the coupon if each stock closes at or above its initial level on any quarterly trigger observation date.

The payout at maturity will be par unless any stock finishes below its 60% knock-in level, in which case investors will be fully exposed to any losses of the least-performing stock.

Incapital LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Autocallable yield notes
Underlying stocks:	Apple Inc., Amazon.com, Inc., Facebook, Inc. and Alphabet Inc.
Amount:	$2,223,000
Maturity:	June 28, 2022
Coupon:	8.5% per year, payable monthly
Price:	Par
Payout at maturity:	Par unless any stock finishes below knock-in level, in which case full exposure to the losses of the least performing stock
Call:	Automatically if each stock closes at or above initial level on any quarterly trigger observation date
Initial prices:	$195.57 for Apple, $1,878.27 for Amazon, $188.84 for Facebook, $1,086.35 for Alphabet
Knock-in levels:	$117.342 for Apple, $1,126.962 for Amazon, $113.304 for Facebook, $651.81 for Alphabet; 60% of initial prices
Pricing date:	June 25
Settlement date:	June 28
Agent:	Incapital LLC
Fees:	3.5%
Cusip:	22552FGS5

© 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.