New Issue: Credit Suisse sells $3.84 million 21-month PLUS tied to S&P 500

By Marisa Wong

Los Angeles, March 16 – Credit Suisse AG, London Branch priced $3.84 million of 0% Performance Leveraged Upside Securities due Dec. 9, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus 200% of the index return, up to $12.10 per $10 PLUS. Investors will be fully exposed to any index decline.

Credit Suisse Securities (USA) LLC is the agent with Morgan Stanley Smith Barney LLC handling distribution.

Issuer:	Credit Suisse AG, London Branch
Issue:	Performance Leveraged Upside Securities
Underlying index:	S&P 500
Amount:	$3,844,270
Maturity:	Dec. 9, 2021
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 200% of any index gain up to $12.10 per PLUS; 1% loss for every 1% index decline from initial level
Initial level:	3,023.94
Pricing date:	March 5
Settlement date:	March 10
Agent:	Credit Suisse Securities (USA) LLC
Distributor:	Morgan Stanley Smith Barney LLC
Fees:	2.5%
Cusip:	22550V356

© 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.