By Marisa Wong
Madison, Wis., Oct. 20 – Credit Suisse AG, London Branch priced $1.33 million of contingent coupon autocallable yield notes due Nov. 4, 2015 linked to the common shares of Ford Motor Co., according to a 424B2 filing with the Securities and Exchange Commission.
Each quarter, the notes will pay a coupon at a rate of 12.5% per year if Ford shares close at or above the barrier price, 80% of the initial share price, on the observation date for that quarter.
The notes will be automatically called at par if the shares close at or above the initial share price on any quarterly observation date.
If the notes are not called and the final share price is greater than or equal to the barrier price, the payout will be par. Otherwise, investors will be fully exposed to the shares’ decline.
J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA are the agents.
| Issuer: | Credit Suisse AG, London Branch
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| Issue: | Contingent coupon autocallable yield notes
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| Underlying shares: | Ford Motor Co. (Symbol: F)
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| Amount: | $1.33 million
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| Maturity: | Nov. 4, 2015
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| Coupon: | Each quarter, notes pay coupon at rate of 12.5% per year if Ford shares close at or above barrier price on observation date for that quarter
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| Price: | Par
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| Payout at maturity: | If final share price is greater than or equal to barrier price, par; otherwise, full exposure to shares’ decline
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| Call: | Automatically at par if shares close at or above initial share price on any quarterly observation date
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| Initial share price: | $14.02
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| Barrier price: | $11.216, 80% of initial share price
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| Final share price: | Average of closing share prices on the five trading days ending Oct. 30, 2015
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| Pricing date: | Oct. 17
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| Settlement date: | Oct. 21
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| Agents: | J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
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| Fees: | 1%
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| Cusip: | 22547QUX2
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