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Published on 1/29/2016 in the Prospect News Structured Products Daily.

New Issue: Credit Suisse prices $259,000 10.5% autocallable reverse convertibles tied to Facebook

By Susanna Moon

Chicago, Jan. 29 – Credit Suisse AG, London Branch priced $259,000 of 10.5% autocallable reverse convertible securities due Jan. 30, 2017 linked to class A common stock of Facebook, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

The notes will be called at par if Facebook shares close at or above the initial share price on any review Date other than the final date.

The payout at maturity will be par unless Facebook shares ever close at or below the knock-in price, 70% of the initial share price, during the life of the notes and finish below the initial share price, in which case investors will receive a number of Facebook shares equal to $1,000 divided by the initial share price or, at the issuer’s option, the cash equivalent.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:Credit Suisse AG, London Branch
Issue:Autocallable reverse convertible securities
Underlying stock:Facebook, Inc. (Symbol: FB)
Amount:$259,000
Maturity:Jan. 30, 2017
Coupon:10.5%, payable monthly
Price:Par
Payout at maturity:Par unless the stock falls and ever closes at or below knock-in price during life of notes, in which case 10.2733 Facebook shares
Call:At par if Facebook shares close at or above initial share price on any review Date other than the final date
Initial level:$97.34
Knock-in price:$68.138, 70% of initial share price
Pricing date:Jan. 26
Settlement date:Jan. 29
Agent:Credit Suisse Securities (USA) LLC
Fees:2.2%
Cusip:22546VUP9

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