New Issue: Credit Suisse sells $2.03 million of buffered notes linked to S&P 500 index

By Wendy Van Sickle

Columbus, Ohio, Dec. 31 – Credit Suisse AG, London Branch priced $2.03 million of 0% buffered notes due June 24, 2020 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 equal to the gain, subject to a maximum payout of 18.5%.

Investors will receive par if the index declines by 20% or less and will lose 1.25% for every 1% that the index declines beyond 20%.

J.P. Morgan Securities LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Buffered notes
Underlying index:	S&P 500
Amount:	$2,031,000
Maturity:	June 24, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any index gain, capped at 18.5%; par for any loss up to 20%; 1.25% loss for each 1% decline beyond 20%
Initial index level:	2,416.62
Pricing date:	Dec. 21
Settlement date:	Dec. 27
Agent:	J.P. Morgan Securities LLC
Fees:	1.25%
Cusip:	22551LQL7

© 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.