Published on 7/8/2015 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $1.14 million ARES due 2017 linked to S&P 500
By Susanna Moon
Chicago, July 8 – Credit Suisse AG, London Branch priced $1.14 million of 0% Accelerated Return Equity Securities due Jan. 6, 2017 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus triple any index gain, up to an underlying return cap of 18%.
Investors will be exposed to any losses.
Credit Suisse Securities (USA) LLC is the agent.
| Issuer: | Credit Suisse AG, London Branch
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| Issue: | Accelerated Return Equity Securities
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| Underlying index: | S&P 500
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| Amount: | $1,142,000
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| Maturity: | Jan. 6, 2017
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 300% of any index gain, up to an underlying return cap of 18%; exposure to any losses
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| Initial index level: | 2,076.78
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| Pricing date: | July 2
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| Settlement date: | July 8
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| Agent: | Credit Suisse Securities (USA) LLC
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| Fees: | 0.6%
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| Cusip: | 22546VGP5
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