By Tali Rackner
Minneapolis, Sept. 14 – Credit Suisse AG, London Branch priced $1.01 million of 9.35% airbag autocallable yield notes due Sept. 5, 2018 linked to the common stock of Western Digital Corp., according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly.
The notes will be called automatically at par if Western Digital shares close at or above the initial share price on any quarterly observation date.
The payout at maturity will be par unless the final share price is less than the conversion price, in which case the payout will be a number of Western Digital shares equal to $1,000 divided by the conversion price, 80% of the initial share price.
UBS Financial Services Inc. is the distributor.
| Issuer: | Credit Suisse AG, London Branch
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| Issue: | Airbag autocallable yield notes
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| Underlying stock: | Western Digital Corp. (Symbol: WDC)
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| Amount: | $1,005,000
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| Maturity: | Sept. 5, 2018
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| Coupon: | 9.35%, payable monthly
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| Price: | Par of $1,000
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| Payout at maturity: | Par unless the final share price is less than the conversion price, in which case 13.88 Western Digital shares per note
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| Call: | At par if Western Digital shares close at or above the initial share price on any quarterly observation date
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| Initial price: | $90.07
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| Conversion price: | $72.06, 80% of initial price
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| Pricing date: | Aug. 29
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| Settlement date: | Aug. 31
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| Distributor: | UBS Financial Services Inc.
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| Fees: | 1.5%
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| Cusip: | 22549C865
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