New Issue: Credit Suisse prices $20 million return enhanced notes tied to S&P 500

By Marisa Wong

Los Angeles, April 1 – Credit Suisse AG, London Branch priced $20 million of 0% return enhanced notes due March 28, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange.

If the index return is positive, the payout at maturity will be par plus 5 times the index gain, capped at par plus 96.5%. Investors will be fully exposed to any index decline.

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

Issuer:	Credit Suisse AG, London Branch
Issue:	Return enhanced notes
Underlying index:	S&P 500
Amount:	$20 million
Maturity:	March 28, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 5 times any index gain, capped at par plus 96.5%; full exposure to losses
Initial index level:	2,475.56
Final index level:	Average of index’s closing levels on five trading days ending March 25, 2025
Strike date:	March 25
Pricing date:	March 26
Settlement date:	March 31
Placement agents:	JPMorgan Chase Bank, NA, J.P. Morgan Securities LLC
Fees:	0.5%
Cusip:	22551NWB8

© 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.