By Angela McDaniels
Tacoma, Wash., June 28 – Credit Suisse AG, London Branch priced $1.89 million of 8.8% airbag autocallable yield notes due June 30, 2017 linked to the common stock of Fortinet Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly.
The notes will be called automatically at par if Fortinet shares close at or above the initial share price on any quarterly observation date.
The payout at maturity will be par unless the final share price is less than the conversion price, in which case the payout will be a number of Fortinet shares equal to $1,000 divided by the conversion price. The conversion price is 82% of the initial share price.
UBS Financial Services Inc. is acting as distributor.
| Issuer: | Credit Suisse AG, London Branch
|
| Issue: | Airbag autocallable yield notes
|
| Underlying stock: | Fortinet Inc. (Symbol: FTNT)
|
| Amount: | $1,885,000
|
| Maturity: | June 30, 2017
|
| Coupon: | 8.8%, payable monthly
|
| Price: | Par
|
| Payout at maturity: | Par unless final share price is less than conversion price, in which case number of Fortinet shares equal to $1,000 divided by conversion price
|
| Call: | Automatically at par if Fortinet shares close at or above initial share price on any quarterly observation date
|
| Initial share price: | $31.91
|
| Conversion price: | $26.17, 82% of initial share price
|
| Pricing date: | June 24
|
| Settlement date: | June 30
|
| Distributor: | UBS Financial Services Inc.
|
| Fees: | 1.5%
|
| Cusip: | 22548R640
|
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