New Issue: Credit Suisse prices $5.29 million dual directional buffered return enhanced notes on S&P 500

By Jennifer Chiou

New York, July 29 – Credit Suisse, London Branch priced $5,285,000 of 0% dual directional buffered return enhanced notes due Oct. 29, 2015 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus any index gain, subject to a maximum return of 10%. If the index declines by 10% or less, the payout will be par plus the absolute value of the index return.

Investors will share fully in any losses beyond 10%.

J.P. Morgan Securities Inc. and JPMorgan Chase Bank, NA are the placement agents.

Issuer:	Credit Suisse, London Branch
Issue:	Dual directional buffered return enhanced notes
Underlying index:	S&P 500
Amount:	$5,285,000
Maturity:	Oct. 29, 2015
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any index gain, up to maximum return of 10%; par plus absolute value of index return if index declines by 10% or less; exposure to losses beyond 10%
Initial index level:	1,978.34
Pricing date:	July 25
Settlement date:	July 30
Agents:	J.P. Morgan Securities Inc. and JPMorgan Chase Bank, NA
Fees:	1.125%
Cusip:	22547QQV1

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