Published on 2/12/2015 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $147,000 accelerated barrier notes on two indexes
By Jennifer Chiou
New York, Feb. 12 – Credit Suisse AG, London Branch priced $147,000 of 0% accelerated barrier notes due Jan. 31, 2019 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 135% of the return of the worst-performing index.
If each index falls by up to the 70% knock-in level, the payout will be par.
Otherwise, 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: | Accelerated barrier notes
|
| Underlying indexes: | S&P 500, Russell 2000
|
| Amount: | $147,000
|
| Maturity: | Jan. 31, 2019
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If each index gains or remains flat, par plus 135% of return of worst-performing index; if each index falls by up to knock-in level, par; 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: | 1,420.685 for S&P, 836.2606 for Russell; 70% of initial levels
|
| Pricing date: | Feb. 10
|
| Settlement date: | Feb. 13
|
| Agent: | Credit Suisse Securities (USA) LLC
|
| Fees: | 1.5%
|
| Cusip: | 22546V4Y9
|
|
|
© 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.
