Published on 7/6/2015 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $703,000 accelerated barrier notes on S&P, Russell
By Marisa Wong
Madison, Wis., July 6 – Credit Suisse AG, London Branch priced $703,000 of 0% accelerated barrier notes due July 6, 2020 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final level of the least-performing index is greater than or equal to its initial level, the payout at maturity will be par plus 175% of the return of that index.
If the least-performing index finishes below its initial level and a knock-in event does not occur, the payout will be par. A knock-in event occurs if either index finishes at or below its knock-in level, 70% of its initial level.
If the least-performing index finishes below its initial level and a knock-in event occurs, investors will be fully exposed to the decline of the least-performing index.
Credit Suisse Securities (USA) LLC is the agent.
| Issuer: | Credit Suisse AG, London Branch
|
| Issue: | Accelerated barrier notes
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| Underlying indexes: | S&P 500, Russell 2000
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| Amount: | $703,000
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| Maturity: | July 6, 2020
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If the final level of the least-performing index is greater than or equal to its initial level, par plus 175% of the return of that index; if the least-performing index finishes below its initial level and a knock-in event does not occur, par; otherwise, investors will be fully exposed to the decline of the least-performing index
|
| Knock-in event: | Either index finishes at or below knock-in level
|
| Initial index levels: | 2,063.11 for S&P, 1,253.947 for Russell
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| Knock-in levels: | 1,444.177 for S&P, 877.7629 for Russell, 70% of initial levels
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| Pricing date: | June 30
|
| Settlement date: | July 6
|
| Agent: | Credit Suisse Securities (USA) LLC
|
| Fees: | 0.8%
|
| Cusip: | 22546VFC5
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