New Issue: Credit Suisse prices $1.16 million PLUS notes tied to Russell

By Kiku Steinfeld

Chicago, Aug. 2 – Credit Suisse AG, London Branch priced $1.16 million of 0% Performance Leveraged Upside Securities due Nov. 3, 2022 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par of $10 plus 300% of the index return, up to $11.55 per $10 PLUS. Investors will be fully exposed to any losses of the index.

Credit Suisse Securities (USA) LLC is the agent with Morgan Stanley Smith Barney LLC handling distribution.

Issuer:	Credit Suisse AG, London Branch
Issue:	Performance Leveraged Upside Securities
Underlying index:	Russell 2000
Amount:	$1,159,050
Maturity:	Nov. 3, 2022
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If index return is positive, par plus 300% of index return up to $11.55 per $10 PLUS; 1% loss for every 1% decline from initial level
Initial level:	2,163.238
Pricing date:	July 16
Settlement date:	July 21
Agent:	Credit Suisse Securities (USA) LLC
Distributor:	Morgan Stanley Smith Barney LLC
Fees:	2.25%
Cusip:	22552Y382

© 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.