By Marisa Wong
Madison, Wis., Sept. 25 – Credit Suisse AG, London Branch priced $7.3 million of 0% market-linked dual directional notes due Sept. 27, 2019 linked to an equally weighted basket made up of the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the basket return is positive, the payout at maturity will be par of $10 plus 130.8% of the basket return.
If the basket decreases by up to 7.5%, the payout will be par plus the absolute value of the basket return.
If the basket decreases by more than 7.5% but not more than 15%, the payout will be par plus a positive return equal to the basket’s negative percentage change plus 15%.
Otherwise, investors will lose 1% for every 1% that the basket declines beyond 15%.
BofA Merrill Lynch is the underwriter.
| Issuer: | Credit Suisse AG, London Branch
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| Issue: | Market-linked dual directional notes
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| Underlying indexes: | Russell 2000 index and the Euro Stoxx 50 index, equally weighted
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| Amount: | $7.3 million
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| Maturity: | Sept. 27, 2019
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | If basket return is positive, par plus 130.8% of return; if basket decreases by up to 7.5%, par plus absolute value of return; if basket decreases by more than 7.5% but not more than 15%, par plus a positive return equal to basket’s negative percentage change plus 15%; otherwise, investors will lose 1% for every 1% that the basket declines beyond 15%
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| Initial levels: | 1,118.715 for Russell, 3,205.930 for Euro Stoxx
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| Pricing date: | Sept. 23
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| Settlement date: | Sept. 30
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| Agent: | BofA Merrill Lynch
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| Fees: | 2.5%
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| Cusip: | 22545F169
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