New Issue: Credit Suisse sells $142,000 four-year autocalls tied to Russell, Stoxx

By Susanna Moon

Chicago, Jan. 28 – Credit Suisse AG, London branch priced $142,000 autocallable notes due Feb. 10, 2023 linked to the worse performing of the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable quarterly.

The notes will be called at par plus 11.5% per year if each index closes at or above its initial level on any call observation date after one year.

The payout at maturity will be par plus 46% unless either index closes below its 70% knock-in level, in which case 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, Euro Stoxx 50
Amount:	$142,000
Maturity:	Feb. 10, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If each index finishes at or above 70% knock-out, par plus 46%; otherwise, 1% loss for each 1% decline of worse performing index
Call:	At par plus 11.5% per year if each index closes at or above its initial level on any call observation date beginning Feb. 7, 2020
Initial levels:	3,134.92 for Stoxx, 1,482.501 for Russell
Trigger levels:	2,194.444 for Stoxx, 1,037.7507 for Russell, 70% of initial levels
Pricing date:	Jan. 18
Settlement date:	Jan. 25
Agent:	Credit Suisse Securities (USA) LLC
Fees:	0.4%
Cusip:	22551LSK7

© 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.