New Issue: Credit Suisse prices $994,000 seven-year Bares linked to the Dow

By Susanna Moon

Chicago, Jan. 6 – Credit Suisse AG, London Branch priced $994,000 of 0% Buffered Accelerated Return Equity Securities due Jan. 6, 2022 tied to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 131% of any index gain.

Investors will receive par if the index falls by up to 40% and lose 1.66666% for every 1% decline beyond 40%.

Credit Suisse Securities (USA) LLC is the underwriter.

Issuer:	Credit Suisse AG, London Branch
Issue:	Buffered Accelerated Return Equity Securities
Underlying index:	Dow Jones industrial average
Amount:	$994,000
Maturity:	Jan. 6, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 131% of any index gain; par if index falls by up to 40%; 1.66666% loss for every 1% decline in the index beyond 40%
Initial index level:	1,7832.99
Pricing date:	Jan. 2
Settlement date:	Jan. 7
Underwriters:	Credit Suisse Securities (USA) LLC
Fees:	0.8%
Cusip:	22547QZC3

© 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.