By Marisa Wong
Morgantown, W.Va., Aug. 29 – Credit Suisse AG, London Branch priced $14.95 million of 0% market-linked step-up notes due Aug. 31, 2018 linked to the Energy Select Sector index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes above the step-up value – 122.5% of the initial level – the payout at maturity will be par plus the index gain.
If the index 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 22.5%.
Investors will be fully exposed to losses.
BofA Merrill Lynch is the agent.
| Issuer: | Credit Suisse AG, London Branch
|
| Issue: | Market-linked step-up notes
|
| Underlying index: | Energy Select Sector index
|
| Amount: | $14,949,680
|
| Maturity: | Aug. 31, 2018
|
| Coupon: | 0%
|
| Price: | Par of $10.00
|
| Payout at maturity: | If the index finishes above the step-up value, par plus the index gain; if the index finishes at or below the step-up level but at or above the initial level, par plus 22.5%; full exposure to losses
|
| Initial level: | 695.51
|
| Step-up value: | 852.00, 122.5% of initial level
|
| Pricing date: | Aug. 25
|
| Settlement date: | Sept. 1
|
| Underwriter: | BofA Merrill Lynch
|
| Fees: | 2%
|
| Cusip: | 22549J209
|
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