New Issue: Credit Suisse prices $994,000 absolute return barrier securities on Russell, S&P

By Wendy Van Sickle

Columbus, Ohio, July 7 – Credit Suisse AG, London Branch priced $994,000 of 0% absolute return barrier securities due July 3, 2019 linked to the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each index finishes at or above the initial level, the payout at maturity will be par plus the gain of the worse performing index, up to a maximum of $1,349.99 per $1,000 note.

If each index finishes at or above the 65% knock-in level, the payout will be par plus the absolute value of the worse performing index.

Otherwise, investors will be fully exposed to the loss of the worse performing index.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Absolute return barrier securities
Underlying indexes:	S&P 500 and Russell 2000
Amount:	$994,000
Maturity:	July 3, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	If each index gains, par plus return of worse performing index, capped at $1,349.99 per $1,000 note; if each index finishes above the 65% knock-in level, par plus the absolute value of worse performing index; otherwise, full exposure to any losses of worse performing index
Initial index levels:	2,098.86 for S&P and 1,151.923 for Russell
Knock-in level:	1,364.259 for S&P and 748.74995 for Russell; 65% of initial levels
Pricing date:	June 30
Settlement date:	July 6
Agent:	Credit Suisse Securities (USA) LLC
Fees:	0.7%
Cusip:	22548QAH8

© 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.