By Susanna Moon
Chicago, Dec. 10 – Credit Suisse AG, London Branch priced $417,500 of trigger phoenix autocallable optimization securities due Dec. 11, 2019 linked to Kansas City Southern shares, according to a 424B2 filing with the Securities and Exchange Commission.
If Kansas City Southern stock closes at or above the coupon barrier level – 69.5% of the initial price – on any monthly observation date, the notes will pay a contingent coupon at an annualized rate of 7% for that month.
If the shares close at or above the initial price on any monthly observation date after one year, the notes will be called at par plus the contingent coupon.
If the stock finishes at or above the 69.5% trigger price, the payout at maturity will be par plus the contingent coupon.
Otherwise, investors will be fully exposed to any losses.
Credit Suisse Securities (USA) LLC is the underwriter with UBS Financial Services Inc. as the dealer.
| Issuer: | Credit Suisse AG, London Branch
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| Issue: | Trigger phoenix autocallable optimization securities
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| Underlying stock: | Kansas City Southern (Symbol: KSU)
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| Amount: | $417,500
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| Maturity: | Dec. 11, 2019
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| Coupon: | 7%, payable monthly if stock closes at or above trigger price on observation date for that month
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| Price: | Par of $10.00
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| Payout at maturity: | Par plus contingent coupon if Kansas City Southern shares finish at or above trigger price; otherwise, par plus stock return
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| Call: | At par plus contingent coupon if Kansas City Southern shares close at or above initial price on any monthly observation date after one year
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| Initial share price: | $117.30
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| Coupon barrier/trigger: | $81.52, 69.5% of initial price
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| Pricing date: | Dec. 5
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| Settlement date: | Dec. 10
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| Underwriter: | Credit Suisse Securities (USA) LLC
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| Distributor: | UBS Financial Services Inc.
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| Fees: | 2.5%
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| Cusip: | 22547T498
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