By Marisa Wong
Madison, Wis., June 17 – Credit Suisse AG, London Branch priced $2.32 million of trigger phoenix autocallable optimization securities due June 18, 2020 linked to Boeing Co. shares, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent monthly coupon at an annual rate of 7% if the stock price on any monthly observation date is equal to or greater than the coupon barrier, 75% of the initial share price.
The notes will be called at par if Boeing shares close at or above the initial share price on any monthly observation date after one year.
If the notes are not called, the payout at maturity will be par unless the final price is less than the 75% trigger price, in which case investors will be fully exposed to the decline in the stock price from the initial share price.
UBS Financial Services Inc. is the distributor.
| Issuer: | Credit Suisse AG, London Branch
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| Issue: | Trigger phoenix autocallable optimization securities
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| Underlying stock: | Boeing Co. (Symbol: BA)
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| Amount: | $2,317,000
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| Maturity: | June 18, 2020
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| Coupon: | 7% per year, payable monthly if stock closes at or above barrier 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 stock finishes at or above trigger level; otherwise, par plus stock return
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| Call: | At par plus contingent coupon if shares close at or above initial price on any monthly observation date after one year
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| Initial price: | $142.80
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| Barrier/trigger level: | $107.10, 75% of initial share price
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| Trade date: | June 12
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| Settlement date: | June 17
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| Distributor: | UBS Financial Services Inc.
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| Fees: | 2.5%
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| Cusip: | 22548F315
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