New Issue: Credit Suisse sells $1.5 million knock-out notes linked to Weight Watchers

By Wendy Van Sickle

Columbus, Ohio, Nov. 7 – Credit Suisse AG, London Branch priced $1.5 million of 0% knock-out notes due Nov. 20, 2019 linked to the common stock of Weight Watchers International, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

If the stock finishes at or above 50% of its initial value, the payout at maturity will be par plus 12.7%.

If the stock falls by more than the 50% knock-out buffer, investors will be fully exposed to any losses.

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

Issuer:	Credit Suisse AG, London Branch
Issue:	Knock-out notes
Underlying stock:	Weight Watchers International, Inc.
Amount:	$1.5 million
Maturity:	Nov. 20, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 12.7% unless stock falls by more than 50%, in which case 1% loss for each 1% stock decline
Initial price:	$48.13
Knock-out level:	$24.07, 50% of initial level
Pricing date:	Nov. 2
Settlement date:	Nov. 7
Agents:	J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
Fees:	1%
Cusip:	22551LKK5

© 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.