New Issue: Credit Suisse sells $1 million reverse convertibles on Facebook, Noble

By Wendy Van Sickle

Columbus, Ohio, June 19 – Credit Suisse AG, London Branch priced $1 million of 9% reverse convertible securities due June 19, 2019 linked to the common stock of Noble Energy, Inc. and the class A common stock of Facebook, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable quarterly.

The payout at maturity will be par unless either stock finishes below the knock-in level, in which case investors will receive a number of shares of the lesser-performing stock equal to $1,000 divided by the initial share price or, at the issuer’s option, an amount in cash equal to the value of those shares.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Reverse convertible securities
Underlying stocks:	Facebook, Inc. and Noble Energy, Inc.
Amount:	$1 million
Maturity:	June 19, 2019
Coupon:	9%, payable quarterly
Price:	Par
Payout at maturity:	Par unless either stock finishes below knock-in price, in which case a number of shares of the lesser-performing stock equal to $1,000 divided by the initial share price
Initial levels:	$150.68 for Facebook, $30.19 for Noble
Knock-in prices:	$120.544 for Facebook, $24.152 for Noble, 80% of initial share price
Pricing date:	June 14
Settlement date:	June 19
Agent:	Credit Suisse Securities (USA) LLC
Fees:	4%
Cusip:	22549JHN3

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