Published on 6/3/2015 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $1.08 million accelerated barrier notes on S&P 500, Russell 2000
By Susanna Moon
Chicago, June 3 – Credit Suisse AG, London Branch priced $1.08 million of 0% accelerated barrier notes due June 2, 2020 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index finishes above its initial level, the payout at maturity will be par plus 152.5% of the return of worse performing index.
If either index falls but each index finishes above its knock-in level, 70% of its initial level, the payout will be par.
Otherwise, investors will be fully exposed to any losses of the worse performing index.
Credit Suisse Securities (USA) LLC is the underwriter.
| Issuer: | Credit Suisse AG, London Branch
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| Issue: | Accelerated barrier notes
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| Underlying indexes: | S&P 500, Russell 2000
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| Amount: | $1,078,000
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| Maturity: | June 2, 2020
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If each index finishes at or above initial level, par plus 152.5% of return of worse performing index; if each index finishes above knock-in level, par; otherwise, full exposure to any losses of worse performing index
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| Initial index levels: | 2,120.79 for S&P and 1,253.098 for Russell
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| Knock-in levels: | 1,484.553 for S&P and 877.1686 for Russell; 70% of initial levels
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| Pricing date: | May 28
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| Settlement date: | June 2
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| Underwriter: | Credit Suisse Securities (USA) LLC
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| Fees: | 4.05%
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| Cusip: | 22546VDR4
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