New Issue: Credit Suisse prices $500,000 autocallable yield notes tied to Roku

By Wendy Van Sickle

Columbus, Ohio, Aug. 20 – Credit Suisse AG, London Branch priced $500,000 of 18% autocallable yield notes due Aug. 20, 2020 linked to the common stock of Roku, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

The notes will be called at par if the stock closes at or above its initial level on any quarterly review date.

The payout at maturity will be par unless the stock finishes below its trigger level, 50% of its initial level, in which case investors will be fully exposed to the stock’s decline.

Credit Suisse is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Autocallable yield notes
Underlying stock:	Roku, Inc.
Amount:	$500,000
Maturity:	Aug. 20, 2020
Coupon:	18% per year, payable monthly
Price:	Par of $1,000
Payout at maturity:	Par unless stock finishes below trigger level, in which case full exposure to any losses
Call:	At par if stock closes at or above initial level on any quarterly review date
Initial share price:	$129.40
Trigger level:	$64.70, 50% of initial price
Pricing date:	Aug. 15
Settlement date:	Aug. 20
Agent:	Credit Suisse
Fees:	0.75%
Cusip:	22552FT93

© 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.