New Issue: Credit Suisse prices $1.34 million contingent coupon autocallables linked to energy stocks

By Angela McDaniels

Tacoma, Wash., Sept. 30 – Credit Suisse AG, London Branch priced $1.34 million of contingent coupon autocallable yield notes due Sept. 29, 2017 linked to the class P common stock of Kinder Morgan, Inc., the common stock of Valero Energy Corp. and the common stock of Hess Corp., according to a 424B2 filing with the Securities and Exchange Commission.

Each month, the notes will pay a contingent coupon at an annualized rate of 17.5% if each stock closes at or above its barrier level, 70% of its initial share price, on the observation date for that month.

Beginning Dec. 27, 2016, the notes will be called at par if each stock closes at or above its initial share price on any monthly observation date.

The payout at maturity will be par unless any stock finishes below its barrier level, in which case investors will receive a number of shares of the worst-performing stock equal to $1,000 divided by that stock’s initial share price or, at the issuer’s option, an amount in cash equal to the value of those shares.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Contingent coupon autocallable yield notes
Underlying stocks:	Kinder Morgan, Inc., Valero Energy Corp. and Hess Corp.
Amount:	$1,335,000
Maturity:	Sept. 29, 2017
Coupon:	Each month, notes pay contingent coupon at rate of 17.5% per year unless any stock closes below barrier level on observation date for that month
Price:	Par
Payout at maturity:	Par unless any stock finishes below barrier level, in which case number of shares of worst-performing stock equal to $1,000 divided by that stock’s initial share price or, at issuer’s option, amount in cash equal to value of those shares
Call:	Beginning Dec. 27, 2016, automatically at par if each stock closes at or above initial share price on any monthly observation date
Initial share prices:	$21.83 for Kinder Morgan, $55.02 for Valero and $46.81 for Hess
Barrier levels:	$15.281 for Kinder Morgan, $38.514 for Valero and $32.767 for Hess; 70% of initial share prices
Pricing date:	Sept. 27
Settlement date:	Sept. 30
Agent:	Credit Suisse Securities (USA) LLC
Fees:	2.875%
Cusip:	22549JCB4

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