New Issue: Credit Suisse sells $1.29 million 8% autocallable reverse convertibles on Boeing

By Devika Patel

Knoxville, Tenn., March 17 – Credit Suisse AG, London Branch priced $1.29 million of 8% autocallable reverse convertible securities due March 20, 2017 linked to Boeing Co. common shares, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

The notes will be automatically called at par if Boeing shares close at or above the initial share price on either Sept. 14, 2016 or Dec. 14, 2016.

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

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Autocallable reverse convertible securities
Underlying stock:	Boeing Co. (Symbol: BA)
Amount:	$1,291,000
Maturity:	March 20, 2017
Coupon:	8%, payable monthly
Price:	Par
Payout at maturity:	Par unless Boeing stock closes at or below knock-in price during life of notes and finishes below initial price, in which case 32.7976 Boeing shares
Call:	At par if Boeing shares close at or above initial share price on Sept. 14, 2016 or Dec. 14, 2016
Initial level:	$126.36
Knock-in price:	$48.195, 70% of initial share price
Pricing date:	March 15
Settlement date:	March 18
Agent:	Credit Suisse Securities (USA) LLC
Fees:	2.1%
Cusip:	22546VYR1

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