New Issue: Credit Suisse sells $1.75 million 7% autocalls due 2019 on Russell, S&P

By Susanna Moon

Chicago, Sept. 14 – Credit Suisse AG, London branch priced $1.75 million 7% autocallable notes due Dec. 6, 2019 linked to the worse performing of the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable quarterly.

The notes will be called at par if each index closes at or above its initial level on any call observation date after six months.

The payout at maturity will be par unless either index ever closes below its 75% knock-in level, the payout at maturity will be par.

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

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London branch
Issue:	Autocallable notes
Underlying indexes:	Russell 2000, S&P 500
Amount:	$1,746,000
Maturity:	Dec. 6, 2019
Coupon:	7% annualized, payable quarterly
Price:	Par
Payout at maturity:	If each index never dips below 75% knock-out, par; otherwise, 1% loss for each 1% decline of worse performing index
Call:	At par if each index closes at or above its initial level on any call observation date beginning March 1, 2019
Initial levels:	2,901.52 for S&P, 1,740.753 for Russell
Trigger levels:	2,176.14 for S&P, 1,305.56475 for Russell, 75% of initial levels
Pricing date:	Aug. 31
Settlement date:	Sept. 6
Agent:	Credit Suisse Securities (USA) LLC
Fees:	1%
Cusip:	22551L2T6

© 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.