New Issue: Credit Suisse sells $423,000 of 11.5% autocall reverse convertibles linked to First Solar

By Susanna Moon

Chicago, June 22 – Credit Suisse AG, London Branch priced $423,000 of 11.5% autocallable reverse convertible securities due June 22, 2017 linked to First Solar, Inc. common shares, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

The notes will be called at par if First Solar shares close at or above the initial share price on either call date.

The payout at maturity will be par unless First Solar shares ever close at or below the knock-in price, 65% of the initial share price, during the life of the notes and finish below the initial share price, in which case investors will receive a number of First Solar shares equal to $1,000 divided by the initial share price or, at the issuer’s option, the cash equivalent.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Autocallable reverse convertible securities
Underlying stock:	First Solar, Inc. (Symbol: FSLR)
Amount:	$423,000
Maturity:	June 22, 2017
Coupon:	11.5%, payable monthly
Price:	Par
Payout at maturity:	Par unless First Solar stock falls and ever closes at or below knock-in price during life of notes, in which case 20.61 First Solar shares
Call:	At par if First Solar shares close at or above initial share price on Dec. 19, 2016 or March 17, 2017
Initial level:	$48.52
Knock-in price:	$31.538, 65% of initial share price
Pricing date:	June 17
Settlement date:	June 22
Agent:	Credit Suisse Securities (USA) LLC
Fees:	2.1%
Cusip:	22549JAJ9

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