By Angela McDaniels
Tacoma, Wash., Sept. 30 – Credit Suisse AG, London Branch priced $1.81 million of 0% accelerated barrier notes due April 1, 2020 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is greater than or equal to the initial index level, the payout at maturity will be par plus 133% of the index return.
If the final index level is less than the initial index level but greater than or equal to the knock-in level, 75% of the initial index level, the payout will be par.
If the final index level is less than the knock-in level, investors will be fully exposed to the index’s decline.
Credit Suisse Securities (USA) LLC is the underwriter.
| Issuer: | Credit Suisse AG, London Branch
|
| Issue: | Accelerated barrier notes
|
| Underlying index: | S&P 500
|
| Amount: | $1.81 million
|
| Maturity: | April 1, 2020
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If final index level is greater than or equal to initial index level, par plus 133% of index return; if final index level is less than initial index level but greater than or equal to knock-in level, par; if final index level is less than knock-in level, full exposure to index’s decline
|
| Initial index level: | 2,159.93
|
| Knock-in level: | 1,619.95; 75% of initial levels
|
| Pricing date: | Sept. 27
|
| Settlement date: | Sept. 30
|
| Agent: | Credit Suisse Securities (USA) LLC
|
| Fees: | 2.75%
|
| Cusip: | 22548QGM1
|
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