New Issue: Credit Suisse sells $1.1 million autocallalble coupon buffered notes on Palo Alto

By Devika Patel

Knoxville, Tenn., June 16 – Credit Suisse AG, London Branch, priced $1.1 million of 9.05% autocallable coupon buffered securities due June 19, 2017 linked to the common stock of Palo Alto Networks, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

The notes will be automatically called at par plus the monthly coupon if the price of Palo Alto stock closes at or above the initial price on Sept. 14, 2016, Dec. 14, 2016 or March 14, 2017.

The payout at maturity will be par unless the stock closes below 80%, in which case investors will receive a number of Palo Alto shares adjusted for the stock’s loss beyond the 20% 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:	Palo Alto Networks, Inc. (NYSE: PANW)
Amount:	$1,099,000
Maturity:	June 19, 2017
Coupon:	9.05% annualized, payable monthly
Price:	Par
Payout at maturity:	If stock finishes at or above negative 20% buffer level, par; otherwise, Palo Alto shares adjusted for loss beyond buffer or cash at issuer’s discretion
Call:	At par plus monthly coupon if Palo Alto stock closes at or above initial price on Sept. 14, 2016, Dec. 14, 2016 or March 14, 2017
Initial level:	$131.71
Pricing date:	June 14
Settlement date:	June 17
Agent:	Credit Suisse Securities (USA) LLC
Fees:	0.25%
Cusip:	22549JAK6

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