New Issue: Credit Suisse prices $1 million absolute return barrier notes on S&P 500, Russell 2000

New York, Nov. 25 – Credit Suisse AG, London Branch priced $1 million of 0% absolute return barrier securities due Nov. 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.

A knock-in event occurs if the index finishes at or below its knock-in level, 65% of the initial level.

If each index finishes at or above the initial level, the payout at maturity will be par plus 137.5% of the return of the worse performing index.

If either index falls but a knock-in event has not occurred, the payout will be par plus the absolute value of the return of the worse performing index.

Otherwise, investors will be fully exposed to any losses of the worse performing index.

Credit Suisse Securities (USA) LLC is the underwriter.

Issuer:	Credit Suisse AG, London Branch
Issue:	Absolute return barrier securities
Underlyings:	S&P 500 index and Russell 2000 index
Amount:	$1 million
Maturity:	Nov. 30, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If each index gains, par plus 137.5% of return of the worse performing index; if either index falls by up to knock-in level, par plus absolute value of return of the worse performing index; otherwise, full exposure to losses of the worse performing index
Initial levels:	2,089.14 for S&P 500, 1,188.814 for Russell 2000
Knock-in levels:	1,357.941 for S&P 500, 772.7291 for Russell 2000, 65% of initial levels
Pricing date:	Nov. 24
Settlement date:	Nov. 30
Underwriter:	Credit Suisse Securities (USA) LLC
Fees:	0.46%
Cusip:	22546VP83

© 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.