New Issue: Credit Suisse sells $2 million of market-linked securities on three indexes

By William Gullotti

Buffalo, N.Y., March 7 – Credit Suisse AG priced $2 million of market-linked securities – contingent fixed return and contingent downside due April 3, 2023 linked to the least performing of the S&P 500 index, the Russell 2000 index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 8% coupon unless any index finishes below the 70% threshold, in which case investors will lose 1% for every 1% decline of the worst performer from its initial level.

Wells Fargo Securities LLC is the agent.

Issuer:	Credit Suisse AG
Issue:	Market-linked securities – contingent fixed return and contingent downside
Underlying indexes:	S&P 500 index, Russell 2000 index, Nasdaq-100 index
Amount:	$2 million
Maturity:	April 3, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 8% unless any index falls below the 70% threshold, in which case investors will be fully exposed to any decline of the worst performing index
Initial levels:	4373.94 for S&P, 2048.089 for Russell, 14237.81 for Nasdaq
Threshold levels:	3061.758 for S&P, 1433.6623 for Russell, 9966.467 for Nasdaq; 70% of initial levels
Pricing date:	Feb. 28
Settlement date:	March 3
Underwriter:	Wells Fargo Securities LLC
Fees:	1.775%
Cusip:	22553PLD9

© 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.