New Issue: Credit Suisse prices $1.51 million Bares due 2017 linked to S&P 500

By Marisa Wong

Madison, Wis., Dec. 30 - Credit Suisse AG, London Branch priced $1.51 million of 0% Buffered Accelerated Return Equity Securities due June 29, 2017 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus the fixed payment percentage of 18%. Investors will receive par if the index falls by up to 20% and lose 1% for every 1% decline in the index beyond 20%.

Credit Suisse Securities (USA) LLC is the underwriter.

Issuer:	Credit Suisse AG, London Branch
Issue:	Buffered Accelerated Return Equity Securities
Underlying index:	S&P 500
Amount:	$1,506,000
Maturity:	June 29, 2017
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus 18%; par if index falls by up to 20%; 1% loss for every 1% decline in the index beyond 20%
Initial index level:	1,841.40
Pricing date:	Dec. 27
Settlement date:	Dec. 31
Underwriters:	Credit Suisse Securities (USA) LLC
Fees:	2.25%
Cusip:	22547QED4

© 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.