By Toni Weeks
San Luis Obispo, Calif., Aug. 19 – Credit Suisse AG, London Branch priced $1.25 million of 0% dual directional buffered return enhanced notes due Sept. 2, 2015 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
J.P. Morgan Securities Inc. and JPMorgan Chase Bank, NA are the placement agents.
If the index return is positive, the payout at maturity will be par plus the gain, capped at 10%.
If the index falls by up to 10%, the payment at maturity will be par plus the absolute value of the return.
Investors will be fully exposed to the index decline from the initial level if it falls by more than 10%.
| Issuer: | Credit Suisse AG, London Branch
|
| Issue: | Dual directional buffered return enhanced notes
|
| Underlying index: | S&P 500
|
| Amount: | $1.25 million
|
| Maturity: | Sept. 2, 2015
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any index gain, up to maximum return of 10%; par plus absolute value of index return if index declines by 10% or less; exposure to losses from initial level if index falls by more than 10%
|
| Initial index level: | 1,955.06
|
| Pricing date: | Aug. 15
|
| Settlement date: | Aug. 20
|
| Agents: | J.P. Morgan Securities Inc. and JPMorgan Chase Bank, NA
|
| Fees: | 1%
|
| Cusip: | 22547QSA5
|
© 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.
