New Issue: Credit Suisse prices $683,000 Accelerated Return Equity Securities on stock basket

By Wendy Van Sickle

Columbus, Ohio, Nov. 1 – Credit Suisse AG, London Branch priced $683,000 of accelerated return equity securities due Jan. 31, 2019 linked to a basket of an equally weighted basket of three financial stocks, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of the common stocks of Citigroup Inc., JPMorgan Chase & Co. and Morgan Stanley.

If the basket return is positive, the payout at maturity will be par plus 300% of the basket return, subject to a maximum return of 20%.

Investors will be fully exposed to any basket decline.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Accelerated Return Equity Securities
Underliers:	Citigroup Inc., JPMorgan Chase & Co. and Morgan Stanley, equal weights
Amount:	$683,000
Maturity:	Jan. 31, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 300% of any gain, capped at 20%; full exposure to losses
Initial levels:	$73.79 for Citigroup, $101.74 for JPMorgan, $50.77 for Morgan Stanley
Pricing date:	Oct. 26
Settlement date:	Oct. 31
Agent:	Credit Suisse Securities (USA) LLC
Fees:	3%
Cusip:	22550BLT8

© 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.