New Issue: Credit Suisse prices $785,000 absolute return barrier notes linked to S&P 500

By Wendy Van Sickle

Columbus, Ohio, Oct. 24 – Credit Suisse AG, London Branch priced $785,000 of 0% absolute return barrier securities due Oct. 26, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes at or above the initial level, the payout at maturity will be par plus 125% of the return up to an underlying return cap of 41%.

If the index falls by up to its 80% knock-in level, the payout will be par plus the absolute value of the return.

Otherwise, investors will be fully exposed to any losses.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Absolute return barrier securities
Underlying index:	S&P 500
Amount:	$785,000
Maturity:	Oct. 26, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 125% of any index gain, capped at 41%; if index finishes above knock-in level, par plus absolute return; otherwise, 1% loss per 1% decline
Initial level:	2,767.78
Trigger level:	2,214.224, 80% of initial level
Pricing date:	Oct. 19
Settlement date:	Oct. 26
Agent:	Credit Suisse Securities (USA) LLC
Fees:	0%
Cusip:	22551LE30

© 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.