By Marisa Wong
Madison, Wis., Sept. 3 – Credit Suisse AG, London Branch priced $13.4 million of 5.2% autocallable coupon buffered securities due Dec. 4, 2015 linked to the Russell 2000 index and the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable quarterly.
The notes will be automatically called at par plus accrued interest if each component closes above its initial level on a quarterly observation date.
The payout at maturity will be par unless the final level of either component is less than its initial level by more than 15%, in which case investors will lose 1.17647% for every 1% decline beyond the 15% buffer of the lower performing component.
Credit Suisse Securities (USA) LLC is the underwriter.
| Issuer: | Credit Suisse AG, London Branch
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| Issue: | Autocallable coupon buffered securities
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| Underlying components: | Russell 2000 index and the iShares MSCI EAFE ETF
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| Amount: | $13.4 million
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| Maturity: | Dec. 4, 2015
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| Coupon: | 5.2%, payable quarterly
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| Price: | Par
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| Payout at maturity: | Par unless worse performing component falls by more than 15%, in which case 1.17647% loss for every 1% drop beyond the 15% buffer
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| Call: | Automatically at par plus accrued interest if each component closes above its initial level on a quarterly observation date
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| Initial levels: | 1,174.35 for index, $66.71 for ETF
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| Pricing date: | Aug. 29
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| Settlement date: | Sept. 4
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| Underwriter: | Credit Suisse Securities (USA) LLC
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| Fees: | 0.04%
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| Cusip: | 22547QSB3
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