New Issue: Credit Suisse prices $1.54 million buffered return notes on S&P 500

By Marisa Wong

Morgantown, W.Va., Jan. 26 – Credit Suisse AG, London Branch priced $1.54 million of 0% buffered return equity securities due Jan. 25, 2018 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 level, the payout at maturity will be par plus the underlying return, capped at 27.25%. If the index falls by up to the 10% buffer, the payout will be par. Otherwise, investors will lose 1% for every 1% decline beyond the 10% buffer.

Credit Suisse Securities (USA) LLC is the underwriter.

Issuer:	Credit Suisse AG, London Branch
Issue:	Buffered return equity securities
Underlying index:	S&P 500
Amount:	$1,538,000
Maturity:	Jan. 25, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any index gain, capped at 27.25%; par if index falls by up to 10% buffer; otherwise, 1% loss for every 1% decline beyond 10%
Initial index level:	1,868.99
Pricing date:	Jan. 22
Settlement date:	Jan. 27
Underwriter:	Credit Suisse Securities (USA) LLC
Fees:	2.35%
Cusip:	22546VV52

© 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.