New Issue: Credit Suisse prices $3.33 million leveraged notes linked to S&P 500

By Angela McDaniels

Tacoma, Wash., Feb. 16 – Credit Suisse AG, London Branch priced $3.33 million of 0% leveraged notes due July 10, 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 300% of any index gain, subject to a maximum settlement amount of $1,252 per $1,000 principal amount of notes. Investors will be fully exposed to any losses.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Leveraged notes
Underlying index:	S&P 500
Amount:	$3,327,000
Maturity:	July 10, 2017
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 300% of any index gain, subject to a maximum settlement amount of $1,252 per $1,000 principal amount of notes; full exposure to any losses
Initial index level:	1,851.86
Pricing date:	Feb. 10
Settlement date:	Feb. 18
Underwriter:	Credit Suisse Securities (USA) LLC
Fees:	None
Cusip:	22546VW28

© 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.