New Issue: Credit Suisse sells $1.15 million buffered accelerated return notes on S&P, Russell

By Wendy Van Sickle

Columbus, Ohio, June 8 – Credit Suisse AG, London Branch priced $1.15 million of 0% buffered accelerated return equity securities due June 6, 2025 linked to the lowest performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each index closes at or above its initial level, the payout at maturity will be par plus 1.13 times the return of the lesser-performing index.

Investors will receive par if either index falls by 20% or less and will lose 1% for every 1% that the lesser-performing index declines beyond 20%.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Buffered accelerated return equity securities
Underlying indexes:	S&P 500 and Russell 2000
Amount:	$1.15 million
Maturity:	June 6, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If each index closes at or above initial level, par plus 1.13 times return of lesser-performing index; par if each index declines by 20% or less; 1% loss for every 1% that lesser-performing index declines beyond 20%
Initial levels:	4,108.54 for S&P and 1,883.053 for Russell
Buffer levels:	3,286.832 for S&P and 1,506.4424 for Russell; 80% of initial levels
Pricing date:	June 3
Settlement date:	June 8
Underwriter:	Credit Suisse Securities (USA) LLC
Fees:	1.2%
Cusip:	22553PZE2

© 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.