New Issue: Credit Suisse sells $813,000 9% autocallable reverse convertibles tied to Amazon

By Wendy Van Sickle

Columbus, Ohio, Aug. 26 – Credit Suisse AG, London Branch priced $813,000 of 9% autocallable reverse convertible securities due Aug. 29, 2017 linked to Amazon.com, Inc. common shares, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

The notes will be called at par if Amazon shares close at or above the initial share price on Feb. 23, 2017 or May 24, 2017.

The payout at maturity will be par unless Amazon 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 Amazon shares equal to $1,000 divided by the initial share price or, at the issuer’s option, the cash equivalent.

Credit Suisse is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Autocallable reverse convertible securities
Underlying stock:	Amazon.com, Inc. (Symbol: AMZN)
Amount:	$813,000
Maturity:	Aug. 29, 2017
Coupon:	9%, payable monthly
Price:	Par
Payout at maturity:	Par unless Amazon stock falls and ever closes at or below knock-in price during life of notes, in which case a number of Amazon shares equal to $1,000 divided by the initial share price, or cash equivalent
Call:	At par if Amazon shares close at or above initial share price on Feb. 23, 2017 or May 24, 2017
Initial level:	$757.25
Knock-in price:	$530.075, 70% of initial share price
Pricing date:	Aug. 24
Settlement date:	Aug. 29
Agent:	Credit Suisse
Fees:	0.6%
Cusip:	22549JBJ8

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