By Wendy Van Sickle
Columbus, Ohio, Aug. 17 – Credit Suisse AG, London Branch, priced $1.13 million of 8.65% autocallable coupon buffered securities due Aug. 18, 2017 linked to the common stock of Ford. Motor Co., according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly.
The notes will be automatically called at par plus the monthly coupon if the price of Ford stock closes at or above the initial price on any quarterly observation date.
The payout at maturity will be par unless the stock closes below 90%, in which case investors will receive a number of Ford shares adjusted for the stock’s loss beyond the 10% buffer, or, at the issuer’s discretion, the cash equivalent.
Credit Suisse Securities (USA) LLC is the agent.
| Issuer: | Credit Suisse AG, London branch
|
| Issue: | Autocallable coupon buffered notes
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| Underlying stock: | Ford Motor Co.
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| Amount: | $1,125,000
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| Maturity: | Aug. 18, 2017
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| Coupon: | 8.65% annualized, payable monthly
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| Price: | Par
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| Payout at maturity: | If stock finishes at or above negative 10% buffer level, par; otherwise, Ford shares adjusted for loss beyond buffer or cash at issuer’s discretion
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| Call: | At par plus monthly coupon if Ford stock closes at or above initial price on any quarterly observation date
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| Initial level: | $12.43
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| Pricing date: | Aug 15
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| Settlement date: | Aug. 18
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| Agent: | Credit Suisse Securities (USA) LLC
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| Fees: | 0.25%
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| Cusip: | 22549JBE9
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