By Sarah Lizee
Olympia, Wash., Feb. 7 – Credit Suisse AG, London Branch priced $1.36 million of contingent coupon callable yield notes due Jan. 31, 2023 linked to the Euro Stoxx Banks index, according to a 424B2 filing with the Securities and Exchange Commission.
Each quarter, the notes pay a contingent coupon at the rate of 6% per year if the index closes at or above its coupon barrier level, 60% of its initial level, on the related observation date.
The notes may be called, in whole but not in part, at par plus any coupon due on any quarterly observation date.
The payout at maturity will be par unless the index finishes below its knock-in level, 60% of its initial level, in which case investors will be exposed to the decline of the index from its initial level.
Credit Suisse Securities (USA) LLC is the agent.
| Issuer: | Credit Suisse AG, London Branch
|
| Issue: | Contingent coupon callable yield notes
|
| Underlying index: | Euro Stoxx Banks index
|
| Amount: | $1,359,000
|
| Maturity: | Jan. 31, 2023
|
| Coupon: | 6% per year, payable quarterly if index closes at or above its coupon barrier level on related observation date
|
| Price: | Par
|
| Payout at maturity: | Par unless index finishes below knock-in level, in which case exposure to decline of index
|
| Call option: | Callable at par plus any coupon due on any quarterly call observation date
|
| Initial level: | 92.97
|
| Coupon barrier level: | 55.782, 60% of initial levels
|
| Knock-in level: | 55.782, 60% of initial levels
|
| Pricing date: | Jan. 28
|
| Settlement date: | Jan. 31
|
| Agent: | Credit Suisse Securities (USA) LLC
|
| Fees: | 3.25%
|
| Cusip: | 22551NF43
|
|
|
© 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.
