New Issue: Credit Suisse prices $1.03 million accelerated barrier notes linked to Zions

By Angela McDaniels

Tacoma, Wash., Feb. 19 - Credit Suisse AG, London Branch priced $1.03 million of 0% capped accelerated barrier notes due Feb. 20, 2018 linked to the common stock of Zions Bancorporation, according to a 424B2 filing with the Securities and Exchange Commission.

If the final share price is greater than or equal to the initial share price, the payout at maturity will be par plus 250% of the stock return, subject to a maximum return of 46%. If the final share price is less than the initial price but greater than the knock-in price, 70% of the initial price, the payout will be par. Investors will be fully exposed to losses from the initial price if the final share price is less than or equal to the knock-in price.

Credit Suisse Securities (USA) LLC is the underwriter.

Issuer:	Credit Suisse AG, London Branch
Issue:	Capped accelerated barrier notes
Underlying stock:	Zions Bancorporation (Symbol: ZION)
Amount:	$1,029,000
Maturity:	Feb. 20, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	If final share price is greater than or equal to initial share price, par plus 250% of stock return, subject to 46% maximum return; if final share price is less than initial price but greater than knock-in price, par; full exposure to losses from initial price if final share price is less than or equal to knock-in price
Initial share price:	$30.90
Knock-in price:	$21.63, 70% of initial level
Pricing date:	Feb. 14
Settlement date:	Feb. 20
Underwriters:	Credit Suisse Securities (USA) LLC
Fees:	0.8%
Cusip:	22547QHZ2

© 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.