New Issue: Credit Suisse prices $21.73 million accelerated return notes on S&P 500

By Susanna Moon

Chicago, Feb. 14 - Credit Suisse AG, Nassau Branch priced $21.73 million of 0% accelerated return notes due Aug. 17, 2016 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

Barclays is the underwriter.

The payout at maturity will be par plus 1.3 times any index gain.

Investors will receive par if the index falls by up to 30% and will be fully exposed to any losses if the index finishes below the knock-in level.

Investors will be exposed to any losses.

Issuer:	Credit Suisse AG, Nassau Branch
Issue:	Accelerated return notes
Underlying index:	S&P 500
Amount:	$21,727,000
Maturity:	Aug. 17, 2016
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 130% of any index gain; par if index fall by 30% or more; full exposure to any losses if index falls below knock-in level
Initial level:	1,519.43
Knock-in level:	1,063.601, 70% of initial level
Pricing date:	Feb. 12
Settlement date:	Feb. 19
Underwriter:	Barclays
Fees:	2.25%
Cusip:	22546TZ53

© 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.