By Kiku Steinfeld
Chicago, Aug. 15 – Credit Suisse AG, London Branch priced $898,000 of 10.17% autocallable yield notes due Jan. 21, 2025 linked to the common stock of 3D Systems Corp., according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be payable monthly.
The notes will be called at par if the shares close at or above the initial share price on any quarterly observation date after six months.
The payout at maturity will be par unless the final share price is less than the 50% knock-in level, in which case investors will be fully exposed to the decline.
Credit Suisse Securities (USA) LLC is the agent.
| Issuer: | Credit Suisse AG, London Branch
|
| Issue: | Autocallable yield notes
|
| Underlying stock: | 3D Systems Corp.
|
| Amount: | $898,000
|
| Maturity: | Jan. 21, 2025
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| Coupon: | 10.17%, payable quarterly
|
| Price: | Par
|
| Payout at maturity: | Par unless the final share price is less than knock-in level, in which case investors will be fully exposed to the decline
|
| Call: | At par if shares close at or above the initial share price on any quarterly observation date after six months
|
| Initial share price: | $19.88
|
| Knock-in price: | $9.94, 50% of initial price
|
| Pricing date: | Jan. 14
|
| Settlement date: | Jan. 20
|
| Agent: | Credit Suisse Securities (USA) LLC
|
| Fees: | 2.5%
|
| Cusip: | 22553PE54
|
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