New Issue: Credit Suisse prices $1 million ARES linked to S&P 500

By Angela McDaniels

Tacoma, Wash., Oct. 8 – Credit Suisse AG, London Branch priced $1 million of 0% Accelerated Return Equity Securities due Oct. 10, 2022 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is greater than the initial index level, the payout at maturity will be par plus 1.7% for every 1% that the index advances. If the final index level is less than the initial index level, investors will lose 1% for every 1% that the index declines.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Accelerated Return Equity Securities
Underlying index:	S&P 500
Amount:	$1 million
Maturity:	Oct. 10, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 170% of any index gain; exposure to 100% of any index decline
Initial index level:	1,951.36
Pricing date:	Oct. 2
Settlement date:	Oct. 9
Agent:	Credit Suisse Securities (USA) LLC
Fees:	4.05%
Cusip:	22546VNC6

© 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.