New Issue: Credit Suisse sells $5 million capped knock-out notes tied to Russell

By Marisa Wong

Morgantown, W.Va., Sept. 26 – Credit Suisse AG, London Branch priced $5 million of 0% capped knock-out notes due Dec. 20, 2019 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

A knock-out event will occur if the final index level is less than 80% of the initial level.

If a knock-out event has not occurred, the payout at maturity will be par plus 1.25 times the index return, subject to a minimum payout of par and a maximum payout of par plus 13.69%.

If a knock-out event has occurred, investors will lose 1% for every 1% that the final index level is less than the initial index level.

J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA are the placement agents.

Issuer:	Credit Suisse AG, London Branch
Issue:	Capped knock-out notes
Underlying index:	Russell 2000
Amount:	$5 million
Maturity:	Dec. 20, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	If final index level is at least 80% of initial index level, par plus 1.25 times index return, subject to minimum payout of par and maximum payout of par plus 13.69%; otherwise, 1% loss for every 1% that final index level is less than initial index level
Initial index level:	1,703.548
Knock-out level:	1,362.838, 80% of initial level
Final index level:	Average of index’s closing levels on five trading days ending Dec. 17, 2019
Pricing date:	Sept. 17
Settlement date:	Sept. 20
Agents:	J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
Fees:	1.12%
Cusip:	22551LBT6

© 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.