STEP INCOME SECURITIES® (STEPS®) |
STEP Income Securities® Linked to the Common Stock of FireEye, Inc.
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Issuer
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Credit Suisse AG (“Credit Suisse”)
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Principal Amount
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$10.00 per unit
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Term
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Approximately one year and one week
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Underlying Stock:
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Common Stock of FireEye, Inc. (NASDAQ symbol: “FEYE”)
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Interest
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11% per year, paid quarterly
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Payout Profile at Maturity
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· A payment of [$0.10 to $0.50] per unit if the Underlying Stock increases to or above 111% of the Starting Value
· 1-to-1 downside exposure to decreases in the Underlying Stock beyond a 5% decline, with up to 95% of your principal at risk
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Step Level
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111% of the starting value of the Underlying Stock
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Step Payment
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[$0.10 - $0.50] per unit, a [1% - 5%] return over the principal amount, to be determined on the pricing date
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Threshold Value
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95% of the starting value of the Underlying Stock
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Preliminary Offering Documents
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Exchange Listing
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No
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Depending on the performance of the Underlying Stock as measured shortly before the maturity date, your investment may result in a loss; there is no guaranteed return of principal.
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Payments on the notes, including repayment of principal, are subject to the credit risk of Credit Suisse. If Credit Suisse becomes insolvent or is unable to pay its obligations, you may lose your entire investment.
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Your investment return, if any, is limited to the return represented by the periodic interest payments over the term of the notes and the Step Payment, if any, and may be less than a comparable investment directly in the Underlying Stock.
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The initial estimated value of the notes on the pricing date will be less than their public offering price.
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If you attempt to sell the notes prior to maturity, their market value may be lower than both the public offering price and the initial estimated value of the notes on the pricing date.
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You will have no rights of a holder of the Underlying Stock, and you will not be entitled to receive any shares of the Underlying Stock or dividends or other distributions by the issuer of the Underlying Stock.
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The issuer, MLPF&S and their respective affiliates do not control the Underlying Company and are not responsible for any disclosure made by the Underlying Company. The Underlying Company will have no obligations relating to the notes.
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The Redemption Amount will not be adjusted for all corporate events that could affect the Underlying Stock.
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