New Issue: Credit Suisse prices $667,000 6% autocallable reverse convertibles linked to Ford

By Susanna Moon

Chicago, July 22 – Credit Suisse AG, London Branch priced $667,000 of 6% autocallable reverse convertible securities due July 22, 2016 linked to Ford Motor Co. shares, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

The notes will be called at par if Ford shares close at or above the initial share price on Jan. 19, 2016 or April 19, 2016.

The payout at maturity will be par unless Ford shares close at or below the knock-in level, 75% of the initial level, on any day during the life of the notes and finish below the initial level, in which case investors will receive a number of Ford 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:	Ford Motor Co. (Symbol: F)
Amount:	$667,000
Maturity:	July 22, 2016
Coupon:	6%, payable monthly
Price:	Par
Payout at maturity:	Par unless Ford stock ever closes at or below knock-in price during life of notes and finishes below initial level, in which case number of Ford shares equal to $1,000 divided by the initial share price
Call:	At par if Ford shares close at or above initial share price on Jan. 19, 2016 or April 19, 2016
Initial share price:	$14.69
Knock-in level:	$11.752, 80% of initial level
Pricing date:	July 17
Settlement date:	July 24
Agent:	Credit Suisse Securities (USA) LLC
Fees:	2.1%
Cusip:	22546VHA7

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