By Susanna Moon
Chicago, Sept. 10 – Credit Suisse AG, London Branch priced $1.23 million of 0% capped knock-out notes due Sept. 21, 2016 linked to Walt Disney Co. shares, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of 10% if the stock closes at or above its coupon barrier level, 80% of its initial share price, on the determination date for that quarter.
The notes will be called at par if the stock closes at or above its initial level on any quarterly observation date.
The payout at maturity will be par unless the stock finishes below its knock-in level, 80% of its initial share price, in which case investors will be fully exposed to any losses.
JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are the agents.
| Issuer: | Credit Suisse AG, London branch
|
| Issue: | Contingent coupon autocallable yield notes
|
| Underlying stock: | Walt Disney Co. (Symbol: DIS)
|
| Amount: | $1.23 million
|
| Maturity: | Sept. 21, 2016
|
| Coupon: | 10%, payable quarterly if stock closes at or above its coupon barrier level on the determination date for that quarter
|
| Price: | Par
|
| Payout at maturity: | Par unless stock finishes below its knock-in level, in which case exposure to any losses
|
| Call: | At par if stock closes at or above its initial level on any quarterly observation date
|
| Initial share price: | $100.97
|
| Knock-out price: | 80% of initial level
|
| Pricing date: | Sept. 4
|
| Settlement date: | Sept. 10
|
| Agents: | JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
|
| Fees: | 1%
|
| Cusip: | 22546VLV6
|
|
|
|
|
© 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.
