New Issue: Credit Suisse prices $379,000 absolute return barrier notes on indexes

By Susanna Moon

Chicago, Jan. 29 – Credit Suisse AG, London Branch priced $379,000 of 0% absolute return barrier securities due Jan. 30, 2020 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each index finishes at or above its initial level, the payout at maturity will be par plus 105% of the return of the worst performing index.

If either index falls by up to the 60% knock-in level, the payout will be par plus the absolute value of the return of the worst performing index, up to a maximum of $1,399.99 for each $1,000 principal amount.

If either index falls to or below the knock-in level, investors will be fully exposed to any losses of the worst performing index.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Absolute return barrier securities
Underlying indexes:	S&P 500, Russell 2000
Amount:	$379,000
Maturity:	Jan. 30, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If each index gains, par plus 105% of return of worst performing index; if either index falls by up to knock-in level, par plus the absolute value of return of worst performing index, capped at 39.999%; otherwise, full exposure to any losses of worst performing index
Initial levels:	2,029.55 for S&P, 1,194.658 for Russell
Knock-in levels:	1,217.73 for S&P, 716.7948 for Russell; 60% of initial levels
Pricing date:	Jan. 27
Settlement date:	Jan. 30
Agent:	Credit Suisse Securities (USA) LLC
Fees:	4.05%
Cusip:	22547QZW9

© 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.