New Issue: Credit Suisse prices $5.07 million buffered return notes linked to Russell 2000

By Angela McDaniels

Tacoma, Wash., June 12 – Credit Suisse AG, London Branch priced $5.07 million of 0% buffered return equity securities due Feb. 15, 2017 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is greater than the initial index level, the payout at maturity will be par plus the index return, subject to a cap of 15.2%. If the index declines by 15% or less, the payout will be par. Otherwise, investors will lose 1% for every 1% that the index declines beyond 15%.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Buffered return equity securities
Underlying index:	Russell 2000
Amount:	$5,066,000
Maturity:	Feb. 15, 2017
Coupon:	0%
Price:	Par
Payout at maturity:	If final index level is greater than initial index level, par plus index return, subject to 15.2% cap; if index declines by 15% or less, par; 1% loss for every 1% that index declines beyond 15%
Initial index level:	1,266.927
Pricing date:	June 10
Settlement date:	June 15
Agent:	Credit Suisse Securities (USA) LLC
Fees:	2.5%
Cusip:	22546VF84

© 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.