New Issue: Credit Suisse prices $1.85 million accelerated return notes linked to S&P 500

By Angela McDaniels

Tacoma, Wash., Sept. 29 – Credit Suisse AG, London Branch priced $1.85 million of 0% accelerated return notes due Sept. 28, 2018 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 126% of the index return.

If the index return is negative but the final level is greater than or equal to the knock-in level, the payout will be par. The knock-in level is 75% of the initial level.

If the final index level is less than the knock-in level, investors will lose 1% for every 1% that the final index level is less than the initial index level.

Barclays is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Accelerated return notes
Underlying index:	S&P 500
Amount:	$1,849,000
Maturity:	Sept. 28, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus 126% of index return; if index return is negative but final level is greater than or equal to knock-in level, par; if final index level is less than knock-in level, 1% loss for every 1% that final index level is less than initial index level
Initial index level:	1,965.99
Knock-in level:	1,474.4925, 75% of initial level
Pricing date:	Sept. 25
Settlement date:	Sept. 30
Agent:	Barclays
Fees:	2.75%
Cusip:	22547QT30

© 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.