By Susanna Moon
Chicago, Nov. 20 – Credit Suisse AG, London Branch priced $2 million of 0% buffered notes due Nov. 22, 2016 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the Euro Stoxx 50 index with a 37% weight, the FTSE 100 index with a 23% weight, the Topix index with a 23% weight, the Swiss Market index with a 9% weight and the S&P/ASX 200 index with an 8% weight.
The payout at maturity will be par plus any basket gain, up to a maximum settlement amount of $1,151 for each $1,000 principal amount.
Investors will receive par if the basket falls by 15% or less and will lose 1.17647% for every 1% decline beyond 15%.
Credit Suisse Securities (USA) LLC is the agent.
Issuer: | Credit Suisse AG, London Branch
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Issue: | Buffered notes
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Underlying indexes: | Euro Stoxx 50 (37% weight), FTSE 100 (23% weight), Topix (23% weight), Swiss Market (9% weight) and S&P/ASX 200 (8% weight)
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Amount: | $1,996,000
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Maturity: | Nov. 22, 2016
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus any basket gain, capped at 15.1%; par if basket falls by 15% or less; 1.17647% loss per 1% that drop beyond 15%
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Buffer level: | 85% of initial level
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Pricing date: | Nov. 17
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Settlement date: | Nov. 24
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Underwriter: | Credit Suisse Securities (USA) LLC
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Fees: | 1.74%
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Cusip: | 22547QTU0
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