By Wendy Van Sickle
Columbus, Ohio, Sept. 24 – Credit Suisse AG, London Branch, priced $2.95 million of contingent coupon autocallable yield notes due Dec. 20, 2021 linked to the common stock of Amazon.com, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
If the stock closes at or above the coupon barrier level, 70% of the initial level, on a monthly observation date, the notes will pay a contingent payment for that month at a rate of 12% per year.
The notes will be called at par plus the contingent coupon if the stock closes at or above initial price on any monthly trigger observation date after six months.
If the notes are not called, the payout at maturity will be par unless the stock finishes below the 70% knock-in level, in which case investors will lose 1% for each 1% decline of the stock.
Credit Suisse Securities (USA) LLC is the agent.
| Issuer: | Credit Suisse AG, London Branch
|
| Issue: | Contingent coupon autocallable yield notes
|
| Underlying stock: | Amazon.com, Inc.
|
| Amount: | $2.95 million
|
| Maturity: | Dec. 20, 2021
|
| Contingent payment: | 12% per year, payable monthly if stock closes at or above coupon barrier level on observation date for that month
|
| Price: | Par
|
| Payout at maturity: | Par unless the stock finishes below knock-in level, in which case investors will lose 1% for each 1% decline of the stock
|
| Call: | Automatically at par plus contingent coupon if the stock closes at or above its initial level on any monthly trigger observation date after six months
|
| Initial level: | $3,156.13
|
| Coupon barrier/knock-ins: | $2,209.291, 70% of initial level
|
| Pricing date: | Sept. 15
|
| Settlement date: | Sept. 18
|
| Agent: | Credit Suisse Securities (USA) LLC
|
| Fees: | 0.75%
|
| Cusip: | 22552WHH1
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
