New Issue: Credit Suisse sells $4.43 million trigger performance notes on S&P 500

By Wendy Van Sickle

Columbus, Ohio, Dec. 31 – Credit Suisse AG, London Branch priced $4.43 million of 0% trigger performance securities due Dec. 31, 2020 linked to the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.

If the index return is zero or positive, the payout at maturity will be par of $10 plus 142% of the index return.

Investors will receive par if the index declines by 25% or less and will be fully exposed to the index’s decline from its initial level if it declines beyond 25%.

Credit Suisse Securities (USA) LLC and UBS Financial Services Inc. are the agents.

Issuer:	Credit Suisse AG, London Branch
Issue:	Trigger performance securities
Underlying index:	S&P 500
Amount:	$4,426,650
Maturity:	Dec. 31, 2020
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If index return is zero or positive, par plus 142% of index return; par if index falls by 25% or less; full exposure to losses if index falls more than 25%
Initial level:	2,056.50
Trigger level:	1,542.38, 75% of initial level
Pricing date:	Dec. 28
Settlement date:	Dec. 31
Agents:	Credit Suisse Securities (USA) LLC and UBS Financial Services Inc.
Fees:	3.5%
Cusip:	22548J150

© 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.