By Susanna Moon
Chicago, April 28 - Credit Suisse AG, London Branch priced $19.54 million of market-linked step-up notes due April 27, 2018 linked to a basket of two equally weighted indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The underlying components are the S&P 500 index and the Euro Stoxx 50 index.
If the basket finishes above the step-up value - 125.2% of the initial level - the payout at maturity will be par plus the basket gain.
If the basket finishes at or below the step-up level but at or above the initial level, the payout will be par plus the step-up return of 125.2%.
Investors will receive par if the basket falls by up to 10% and will be exposed to any losses beyond 10%.
BofA Merrill Lynch is the agent.
| Issuer: | Credit Suisse AG, London Branch
|
| Issue: | Market-linked step-up notes
|
| Underlying basket: | S&P 500 index and Euro Stoxx 50 index, equally weighted
|
| Amount: | $19,536,930
|
| Maturity: | April 27, 2018
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If basket finishes above step-up value, par plus basket gain; if basket finishes at or below step-up level but at or above initial level, par plus 25.2%; par if basket falls by up to 10%; otherwise, exposure to any losses beyond 10%
|
| Step-up value: | 125.2% of initial level
|
| Buffer level: | 90% of initial level
|
| Pricing date: | April 24
|
| Settlement date: | May 1
|
| Underwriter: | BofA Merrill Lynch
|
| Fees: | 2.5%
|
| Cusip: | 22545F474
|
© 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.
