New Issue: Credit Suisse prices $1.3 million 8.4% autocallable coupon buffered notes tied to Anadarko

By Wendy Van Sickle

Columbus, Ohio, March 27 – Credit Suisse AG, London Branch priced $1.3 million of 8.4% autocallable coupon buffered securities due March 28, 2018 linked to the common stock of Anadarko Petroleum Corp., 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 Anadarko stock closes at or above the initial price on June 23, 2017, Sept. 25, 2017 or Dec. 22, 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 Anadarko 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:	Anadarko Petroleum Corp
Amount:	$1,298,000
Maturity:	March 28, 2018
Coupon:	8.4% annualized, payable monthly
Price:	Par
Payout at maturity:	If stock finishes at or above negative 10% buffer level, par; otherwise, Anadarko shares adjusted for loss beyond buffer or cash at issuer’s discretion
Call:	At par plus monthly coupon if Anadarko stock closes at or above initial price on June 23, 2017, Sept. 25, 2017 or Dec. 22, 2017
Initial level:	$60.79
Pricing date:	March 23
Settlement date:	March 28
Agent:	Credit Suisse Securities (USA) LLC
Fees:	0.25%
Cusip:	22548QY33

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