New Issue: Credit Suisse sells $1.60 million dual directional capped knock-out notes on S&P

By Sarah Lizee

Olympia, Wash., Oct. 3 – Credit Suisse AG, London Branch priced $1.60 million of 0% dual directional capped knock-out notes due Oct. 17, 2019 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 index return, capped at par plus 8%.

If the index finishes flat or falls by up to 15%, the payout will be par plus the absolute value of the index return.

If the index falls by more than 15%, investors will be fully exposed to the decline.

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

Issuer:	Credit Suisse AG, London Branch
Issue:	Dual directional capped knock-out notes
Underlying index:	S&P 500
Amount:	$1,595,000
Maturity:	Oct. 17, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	If index gains, par plus index return, capped at par plus 8%; if index declines by 15% or less, par plus absolute value of return; otherwise, full exposure to any losses
Initial level:	2,913.98
Final level:	Average of closing index levels on the five trading days ending Oct. 11, 2019
Pricing date:	Sept. 28
Settlement date:	Oct. 3
Agents:	J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
Fees:	1%
Cusip:	22551LD31

© 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.