By Wendy Van Sickle
Columbus, Ohio, Dec. 18 – Credit Suisse AG, London Branch priced $7.6 million of 0% accelerated barrier notes due Dec. 21, 2022 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final level of the lesser-performing index is greater than or equal to its initial level, the payout at maturity will be par plus 143% of the return of that index.
If the lesser-performing index finishes below its initial level and a knock-in event does not occur, the payout will be par. A knock-in event occurs if either index finishes at or below its knock-in level, 60% of its initial level.
If the lesser-performing index finishes below its initial level and a knock-in event occurs, investors will be fully exposed to the decline of the lesser-performing index.
Credit Suisse Securities (USA) LLC is the underwriter.
| Issuer: | Credit Suisse AG, London Branch
|
| Issue: | Accelerated barrier notes
|
| Underlying indexes: | S&P 500 and Russell 2000
|
| Amount: | $7.6 million
|
| Maturity: | Dec. 21, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If lesser-performing index finishes at or above initial level, par plus 143% of return of that index; if lesser-performing index finishes below initial level and knock-in event does not occur, par; if knock-in event occurs, full exposure to decline of lesser-performing index
|
| Knock-in event: | Either index finishes at or below its knock-in level
|
| Initial index levels: | 2,652.01 for S&P 500 and 1,506.95 for Russell 2000
|
| Knock-in levels: | 1,591.206 for S&P 500 and 904.17 for Russell 2000; 60% of initial levels
|
| Pricing date: | Dec. 14
|
| Settlement date: | Dec. 21
|
| Agent: | Credit Suisse Securities (USA) LLC
|
| Fees: | 3.5%
|
| Cusip: | 22550BSN4
|
|
|
© 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.
