New Issue: Credit Suisse prices $1.2 million 6.6% autocallable coupon buffered notes tied to Apple

By Wendy Van Sickle

Columbus, Ohio, Nov. 7 – Credit Suisse AG, London Branch priced $1.2 million of 6.6% autocallable coupon buffered securities due Nov. 8, 2017 linked to the common stock of Apple Inc., according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

The notes will be called at par plus the monthly coupon if the price of Apple stock closes at or above the initial price on Feb. 3, 2017, May 3, 2017 or Aug. 3, 2017.

The payout at maturity will be par unless the stock closes below the 90% buffer, in which case investors will receive a number of Apple shares adjusted for the stock’s loss beyond the 10% buffer, or, at the issuer’s discretion, the cash equivalent.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London branch
Issue:	Autocallable coupon buffered notes
Underlying stock:	Apple Inc. (Nasdaq: AAPL)
Amount:	$1,199,000
Maturity:	Nov. 8, 2017
Coupon:	6.6% annualized, payable monthly
Price:	Par
Payout at maturity:	If stock finishes at or above negative 10% buffer level, par; otherwise, Apple shares adjusted for loss beyond buffer or cash at issuer’s discretion
Call:	At par plus monthly coupon if Apple stock closes at or above initial price on Feb. 3, 2017, May 3, 2017 or Aug. 3, 2017
Initial level:	$109.83
Pricing date:	Nov. 4
Settlement date:	Nov. 8
Agent:	Credit Suisse Securities (USA) LLC
Fees:	0.25%
Cusip:	22549JCW8

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