New Issue: Credit Suisse prices $581,000 Bares linked to S&P 500, Russell

By Wendy Van Sickle

Columbus, Ohio, Oct. 7 – Credit Suisse AG, London Branch priced $581,000 of 0% Buffered Accelerated Return Equity Securities due April 2, 2021 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the lesser-performing index’s return is positive, the payout at maturity will be par plus 150% of the lesser-performing index’s return, subject to a maximum return of 16.5%. Investors will receive par if the lesser-performing index falls by up to 15% and lose 1% for every 1% decline in the lesser-performing index beyond 15%.

Credit Suisse Securities (USA) LLC is the underwriter.

Issuer:	Credit Suisse AG, London Branch
Issue:	Buffered Accelerated Return Equity Securities
Underlying indexes:	Russell 2000 and S&P 500
Amount:	$581,000
Maturity:	April 2, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	If lesser-performing index return is positive, par plus 150% of index return, up to 16.5% maximum return; par if lesser-performing index falls by up to 15%; 1% loss for every 1% decline in lesser-performing index beyond 15%
Initial levels:	1,523.373 for Russell 2000 and 2,976.74 for S&P 500
Buffer levels:	1,294.86705 for Russell 2000 and 2,530.229 for S&P 500, or 85% of initial levels
Pricing date:	Sept. 30
Settlement date:	Oct. 3
Underwriter:	Credit Suisse Securities (USA) LLC
Fees:	0.85%
Cusip:	22552FUE0

© 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.