E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 10/13/2015 in the Prospect News Structured Products Daily.

New Issue: Credit Suisse sells $1 million accelerated return notes on three stocks

By Marisa Wong

Morgantown, W.Va., Oct. 13 – Credit Suisse AG, London Branch priced $1 million of 0% Accelerated Return Equity Securities due Oct. 12, 2017 linked to an equally weighted basket of three stocks, according to a 424B2 filing with the Securities and Exchange Commission.

The underlying basket consists of the American Depositary Shares of Royal Dutch Shell plc, the common stock of Exxon Mobil Corp. and the common stock of Chevron Corp.

If the basket return is positive, the payout at maturity will be par plus 185% of the basket gain. If the basket return is negative, investors will be fully exposed to the decline.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:Credit Suisse AG, London Branch
Issue:Accelerated Return Equity Securities
Underlying basket:Royal Dutch Shell plc (Symbol: RDS.A), Exxon Mobil Corp. (Symbol: XOM) and Chevron Corp. (Symbol: CVX), equally weighted
Amount:$1 million
Maturity:Oct. 12, 2017
Coupon:0%
Price:Par of $1,000
Payout at maturity:Par plus 185% of any basket gain; exposure to any basket decline
Initial prices:$55.88 for Shell, $80.03 for Exxon, $89.91 for Chevron
Pricing date:Oct. 8
Settlement date:Oct. 14
Agent:Credit Suisse Securities (USA) LLC
Fees:1.25%
Cusip:22546VN93

© 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.