New Issue: Credit Suisse sells $882,000 autocallable securities on MSCI EAFE, Emerging Markets

By Wendy Van Sickle

Columbus, Ohio, May 18 – Credit Suisse AG, London Branch priced $882,000 of 0% autocallable securities due May 18, 2020 linked to the MSCI EAFE index and the MSCI Emerging Markets index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be automatically called at par plus an annualized redemption premium of 10.7% if each underlying index closes at or above its initial level on any annual review date.

If the notes are not called, the payout at maturity will be par plus the greater of the return of the lesser performing index and 32.1% unless either underlying index closes below its initial level, in which case investors will lose 1% for each 1% decline of the least-performing index.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Autocallable securities
Underlying indexes:	MSCI EAFE, MSCI Emerging Markets
Amount:	$882,000
Maturity:	May 18, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus greater of 32.1% and return of lesser performing index, unless either index finishes below initial level, in which case full exposure to decline of laggard index
Call:	Automatically at par plus annualized redemption premium of 10.7% if each underlying closes at or above its initial level on any annual review date
Initial levels:	1,867.96 for MSCI EAFE, 1,002.37 for MSCI Emerging Markets
Pricing date:	May 12
Settlement date:	May 17
Agent:	Credit Suisse Securities (USA) LLC
Fees:	3.6%
Cusip:	22550B4G5

© 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.