By Susanna Moon
Chicago, Dec. 12 – Credit Suisse AG, London Branch priced $675,000 of contingent coupon autocallable yield notes due Dec. 17, 2018 linked to the common stocks of Walgreen Co. and Colgate-Palmolive Co., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon of 7.1% annualized if each stock closes at or above its coupon barrier level, 70% of the initial level, on the observation date for that quarter.
The notes will be called at par plus the contingent coupon if each stock closes at or above the initial level on any interest payment date.
The payout at maturity will be par unless either stock finishes at or below its 65% knock-in level, in which case investors will be fully exposed to any losses of the worst performing stock.
Credit Suisse Securities (USA) LLC is the agent.
| Issuer: | Credit Suisse AG, London Branch
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| Issue: | Contingent coupon autocallable yield notes
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| Underlying stocks: | Walgreen Co. (Symbol: WAG) and Colgate-Palmolive Co. (Symbol: CL)
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| Amount: | $675,000
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| Maturity: | Dec. 17, 2018
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| Coupon: | 7.1%, payable quarterly if each stock closes at or above its coupon barrier level on observation date for quarter
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| Price: | Par
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| Payout at maturity: | If either stock falls to or below knock-in level, par plus return; otherwise, par
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| Call: | At par plus coupon if each stock closes at or above trigger level on any interest payment date
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| Coupon barriers: | $48.013 for Walgreen and $48.531 for Colgate; 70% of initial levels
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| Knock-in levels: | $44.5835 for Walgreen and $45.0645 for Colgate; 65% of initial prices
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| Pricing date: | Dec. 9
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| Settlement date: | Dec. 16
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| Agent: | Credit Suisse Securities (USA) LLC
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| Fees: | 1.5%
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| Cusip: | 22547QYX8
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