New Issue: Credit Suisse sells $3.12 million dual directional buffered notes on Nasdaq

By Taylor Fox

New York, Dec. 7 – Credit Suisse AG, London Branch priced $3.12 million of 0% dual directional buffered performance notes due June 3, 2022 linked to the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes above the initial level, the payout at maturity will be par plus the gain of the index, capped at par plus 10%.

If the index falls by up to 10%, the payout will be par plus the absolute value of the return of the index.

Otherwise, investors will lose 1% for each 1% loss of the index beyond the buffer.

Credit Suisse Securities (USA) LLC is the agent. Morgan Stanley Smith Barney LLC is the distributor.

Issuer:	Credit Suisse AG, London Branch
Issue:	Dual directional buffered performance notes
Underlying index:	Nasdaq-100 index
Amount:	$3,120,350
Maturity:	June 3, 2022
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If the index finishes above the initial level, par plus the gain of the index, capped at par plus 10%; if the index falls by up to 10%, par plus absolute value of the return of the index; otherwise, 1% loss for each 1% loss of the index beyond the buffer
Initial index level:	12,268.32
Buffer level:	11,041.49; 90% of initial level
Pricing date:	Nov. 30
Settlement date:	Dec. 3
Agent:	Credit Suisse Securities (USA) LLC
Distributor:	Morgan Stanley Smith Barney LLC
Fees:	2.5%
Cusip:	22550X816

© 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.