By Marisa Wong
Madison, Wis., Dec. 18 – Credit Suisse AG, London Branch priced $7.35 million of 5.2% autocallable coupon buffered securities due June 23, 2016 linked to the Russell 2000 index and the S&P 500 index, 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 both underlying indexes close at or above their initial levels on any quarterly observation date.
If the notes are not called, investors will receive par plus the underlying return of the lower performing index. For each index, the underlying return is zero unless the final index level is less than the initial level by more than 20%, in which case the underlying return is 125% times the sum of the index return plus the 20% buffer.
Credit Suisse Securities (USA) LLC is the agent.
| Issuer: | Credit Suisse AG, London Branch
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| Issue: | Autocallable coupon buffered securities
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| Underlying indexes: | Russell 2000 and S&P 500
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| Amount: | $7.35 million
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| Maturity: | June 23, 2016
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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 20%, in which case 1.25% loss for every 1% drop beyond 20% of worse performing component
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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: | 1,139.37 for Russell, 1,972.74 for S&P 500
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| Pricing date: | Dec. 16
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| Settlement date: | Dec. 23
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| Underwriter: | Credit Suisse Securities (USA) LLC
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| Fees: | 0.35%
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| Cusip: | 22547QZH2
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