New Issue: Credit Suisse sells $2.01 million accelerated barrier notes on S&P, Dow

By Wendy Van Sickle

Columbus, Ohio, April 17 – Credit Suisse AG, London Branch priced $2.01 million of 0% accelerated barrier notes due April 19, 2023 linked to the S&P 500 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

If each index finishes at or above its initial level, the payout at maturity will be par plus 148.5% of the return of the worse performing index.

If either index falls but both indexes finish at or above the 75% knock-in level, the payout will be par.

Otherwise, investors will be fully exposed to the decline of the worse performing index.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Accelerated barrier securities
Underlying indexes:	S&P 500 and Dow Jones industrial average
Amount:	$2,009,000
Maturity:	April 19, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If each index finishes at or above its initial level, par plus 148.5% of the return of the worse performing index; if either index falls but both indexes finish at or above the knock-in level, par; otherwise, investors will be fully exposed to the decline of the worse performing index
Initial levels:	2,761.63 for S&P, 23,390.77 for Dow
Knock-in levels:	2,071.2225 for S&P, 17,543.0775 for Dow; 75% of initial levels
Strike date:	April 13
Pricing date:	April 14
Settlement date:	April 17
Agent:	Credit Suisse Securities (USA) LLC
Fees:	0.25%
Cusip:	22551NYF7

© 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.