By Susanna Moon
Chicago, March 6 – Credit Suisse AG, London branch priced $1.33 million of 9.2% autocallable coupon buffered securities due March 5, 2018 linked to the common stock of Wynn Resorts, Ltd., according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly.
The notes will be called at par if the stock closes at or above its initial level on any quarterly determination date.
The payout at maturity will be par unless the stock falls by more than 15%, in which case investors will be exposed to any losses beyond the 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 stock: | Wynn Resorts, Ltd. (Symbol: WYNN)
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Amount: | $1,334,000
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Maturity: | March 5, 2018
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Coupon: | 9.2%, payable monthly
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Price: | Par
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Payout at maturity: | Par unless stock falls by more than 15%, in which case 1% loss for each 1% decline beyond 15%
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Call: | At par if stock closes at or above its initial level on any quarterly determination date
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Initial price: | $96.15
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Pricing date: | Feb. 28
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Settlement date: | March 3
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Agent: | Credit Suisse Securities (USA) LLC
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Fees: | 0.25%
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Cusip: | 22549JEY2
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