By Angela McDaniels
Tacoma, Wash., Sept. 16 – Credit Suisse AG, London Branch priced $7.92 million of 6.85% autocallable coupon buffered securities due March 19, 2018 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 if each underlying component closes at or above its initial level on any quarterly trigger observation date.
The payout at maturity will be par unless either underlying component’s final level is less than 80% of its initial level, in which case investors will lose 1.25% for each 1% that the lesser-performing underlying components declines beyond 20%.
Credit Suisse Securities (USA) LLC is the agent.
| Issuer: | Credit Suisse AG, London Branch
|
| Issue: | Autocallable coupon buffered notes
|
| Underlying components: | Russell 2000 index and iShares MSCI EAFE ETF
|
| Amount: | $7,915,000
|
| Maturity: | March 19, 2018
|
| Coupon: | 6.85%, payable quarterly
|
| Price: | Par
|
| Payout at maturity: | Par unless either underlying component’s final level is less than 80% of its initial level, in which case 1.25% loss for each 1% that lesser-performing underlying components declines beyond 20%
|
| Call: | Automatically at par if each underlying component closes at or above initial level on any quarterly trigger observation date
|
| Initial levels: | 1,212.320 for index and $57.82 for ETF
|
| Pricing date: | Sept. 14
|
| Settlement date: | Sept. 19
|
| Agent: | Credit Suisse Securities (USA) LLC
|
| Fees: | 0.2%
|
| Cusip: | 22548QHP3
|
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