New Issue: Credit Suisse prices $4 million callable yield notes tied to Euro Stoxx, S&P 500

By Wendy Van Sickle

Columbus, Ohio, Aug. 10 – Credit Suisse AG, London Branch priced $4 million of 7.15% callable yield notes due Nov. 5, 2021 linked to the Euro Stoxx 50 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable quarterly.

The payout at maturity will be par unless either index finishes below its knock-in level, 65% of its initial level, in which case investors will be fully exposed to the decline of the least-performing index.

The notes will be callable at par on any interest payment date starting May 5, 2021.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Callable yield notes
Underlying indexes:	Euro Stoxx 50 and S&P 500
Amount:	$4 million
Maturity:	Nov. 5, 2021
Coupon:	7.15%, payable quarterly
Price:	Par
Payout at maturity:	Par unless either index finishes below knock-in level, in which case full exposure to decline of least-performing index
Call option:	At par on any interest payment date starting May 5, 2021
Initial index levels:	3,208.2 for Euro Stoxx, 3,246.22 for S&P
Knock-in levels:	2,085.33 for Euro Stoxx, 2,110.043 for S&P; 65% of initial levels
Pricing date:	July 31
Settlement date:	Aug. 5
Agent:	Credit Suisse Securities (USA) LLC
Fees:	0.25%
Cusip:	22552WE43

© 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.