New Issue: Credit Suisse prices $548,000 contingent coupon autocallables linked to FireEye

By Susanna Moon

Chicago, Oct. 28 – Credit Suisse AG, London Branch priced $548,000 of contingent coupon callable yield notes due Oct. 30, 2017 linked to FireEye, Inc. shares, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon of 15.6% annualized if the stock closes at or above its barrier level, 60% of the initial level, on the observation date for that quarter.

The notes will be called at par if the stock closes above the initial level on any quarterly interest payment date.

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

Incapital LLC is the placement agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Contingent coupon autocallable yield notes
Underlying stock:	FireEye, Inc. (Symbol: FEYE)
Amount:	$548,000
Maturity:	Oct. 30, 2017
Coupon:	15.6%, payable quarter if stock closes at or above its barrier level on observation date for that quarter
Price:	Par
Payout at maturity:	If stock falls below knock-in level, par plus return with exposure to losses; otherwise, par
Call:	At par if stock closes above initial level on any quarterly interest payment date
Initial level:	$31.51
Barrier level:	$18.906, 60% of initial levels
Pricing date:	Oct. 24
Settlement date:	Oct. 29
Agent:	Incapital LLC
Fees:	2.668%
Cusip:	22547QVB9

© 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.