By Susanna Moon
Chicago, Dec. 1 – Credit Suisse AG, London branch priced $17.72 million of 0% autocallable market-linked step-p notes due Nov. 30, 2020 linked to the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.
The notes will be called at an annual call premium of 9.01% if the index closes at or above its initial level on any annual observation date.
If the index finishes above the step-up level – 125% of the initial level – the payout at maturity will be par of $10 plus the index gain.
If the index gains by up to the step-up level, the payout will be par plus the step-up payment of 25%.
Investors will be exposed to any losses.
BofA Merrill Lynch is the agent.
| Issuer: | Credit Suisse AG, London Branch
|
| Issue: | Autocallable market-linked step-up notes
|
| Underlying index: | Russell 2000
|
| Amount: | $17,715,650
|
| Maturity: | Nov. 30, 2020
|
| Coupon: | 0%
|
| Price: | Par of $10.00
|
| Call: | At par plus 9.01% annualized if index closes at or above initial level on either annual observation date
|
| Payout at maturity: | If the index finishes above the step-up level, par plus the index gain; if the index gains up to the step-up level, par plus 25%; exposure to any losses
|
| Initial level: | 1,518.89
|
| Step-up level: | 1,898.61, 125% of initial level
|
| Pricing date: | Nov. 21
|
| Settlement date: | Dec. 1
|
| Underwriter: | BofA Merrill Lynch
|
| Fees: | 2%
|
| Cusip: | 22548Y108
|
|
|
|
|
© 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.
