New Issue: Credit Suisse prices $996,000 6% reverse exchangeable autocallables linked to Apple

By Susanna Moon

Chicago, Aug. 5 – Credit Suisse AG, London Branch priced $996,000 of 6% autocallable reverse exchangeable notes due Nov. 7, 2016 linked to Apple Inc. shares, 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 the initial share price on any call date.

The payout at maturity will be par unless the stock finishes below the initial level and ever closes below the trigger level, 75% of the initial share price, on any day during the life of the notes, in which case the payout will be a number of Apple shares equal to $1,000 divided by the initial share price.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Autocallable reverse exchangeable notes
Underlying stock:	Apple Inc. (Symbol: AAPL)
Amount:	$996,000
Maturity:	Nov. 7, 2016
Coupon:	6%, payable monthly
Price:	Par
Payout at maturity:	Par unless stock falls and ever closes below trigger level during life of notes, in which case 8.2440 Apple shares
Call:	At par if stock closes at or above initial share price on Feb. 2, 2016, May 2, 2016 or Aug. 2, 2016
Initial share price:	$121.30
Trigger value:	75% of initial level
Pricing date:	July 31
Settlement date:	Aug. 5
Agent:	Credit Suisse Securities (USA) LLC
Fees:	2.4%
Cusip:	22546VHR0

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