By Kiku Steinfeld
Chicago, Dec. 15 – Credit Suisse AG, London Branch priced $1.27 million of contingent coupon callable yield notes due Sept. 14, 2022 linked to the lowest performing of the Russell 2000 index, the Nasdaq-100 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a quarterly coupon at an annualized rate of 6.85% if each index closes at or above its coupon barrier level, 70% of its initial level, on the related observation date.
After six months, the notes will be callable quarterly at par.
The payout at maturity will be par unless any index finishes below its 50% knock-in level on any trading day during the life of the notes, in which case investors will be fully exposed to the losses of the least-performing index.
Credit Suisse Securities (USA) LLC is the agent.
Issuer: | Credit Suisse AG, London Branch
|
Issue: | Contingent coupon callable yield notes
|
Underlying indexes: | Russell 2000, Nasdaq-100 and S&P 500
|
Amount: | $1.27 million
|
Maturity: | Sept. 14, 2022
|
Coupon: | 6.85% per year, payable quarterly if each index closes at or above its coupon barrier level on related observation date
|
Price: | Par
|
Payout at maturity: | Par unless any index finishes below knock-in level on any trading day during life of notes, in which case full exposure to the losses of the least-performing index
|
Call: | At par on any quarterly call date after six months
|
Initial levels: | 3672.82 for S&P, 1902.147 for Russell and 12364.64 for Nasdaq
|
Coupon barrier levels: | 2570.974 for S&P, 1331.5029 for Russell, and 8655.248 for Nasdaq; 70% of initial levels
|
Knock-in levels: | 1836.41 for S&P, 951.0735 for Russell and 6182.32 for Nasdaq; 50% of initial levels
|
Pricing date: | Dec. 9
|
Settlement date: | Dec. 14
|
Agent: | Credit Suisse Securities (USA) LLC
|
Fees: | 0.75%
|
Cusip: | 22552WXF7
|
© 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.