By Kiku Steinfeld
Chicago, Nov. 14 – Credit Suisse AG, London Branch priced $1.36 million of knock-out notes due March 29, 2023 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
A knock-out event will occur if the final index level is less than 70% of the initial level.
If a knock-out event has not occurred, the payout at maturity will be par plus 6.91%.
If a knock-out event has occurred, investors will lose 1% for every 1% that the final index level is less than the initial index level.
J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA are the placement agents.
Issuer: | Credit Suisse AG, London Branch
|
Issue: | Knock-out notes
|
Underlying index: | S&P 500
|
Amount: | $1.36 million
|
Maturity: | March 29, 2023
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If final index level is at least 70% of initial index level, par plus 6.91%; otherwise, 1% loss for every 1% that final index level is less than initial index level
|
Initial index level: | 4204.31
|
Knock-out level: | 2943.02, 70% of initial level
|
Pricing date: | March 14
|
Settlement date: | March 17
|
Placement agents: | J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
|
Fees: | 1%
|
Cusip: | 22553PNW5
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.