New Issue: Credit Suisse sells $3.35 million accelerated barrier notes on S&P, Dow

By William Gullotti

Buffalo, N.Y., May 20 – Credit Suisse AG, London Branch priced $3.35 million of 0% accelerated barrier notes due May 21, 2025 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 138.85% of the return of the worst performing index.

If any index falls but each index finishes at or above the 80% knock-in level, the payout will be par.

Otherwise, investors will be fully exposed to the decline of the worst performing index from its initial level.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Accelerated barrier notes
Underlying indexes:	S&P 500 index, Dow Jones industrial average
Amount:	$3,349,000
Maturity:	May 21, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If each index finishes at or above its initial level, par plus 138.85% of the return of the worst performing index; if any index falls but all indexes finish at or above the knock-in level, par; otherwise, investors will be fully exposed to the decline of the worst performing index from its initial level
Initial index levels:	4,008.01 for S&P, 32,223.42 for Dow
Knock-in levels:	3,206.408 for S&P, 25,778.736 for Dow; 80% of initial levels
Pricing date:	May 16
Settlement date:	May 19
Agent:	Credit Suisse Securities (USA) LLC
Fees:	1%
Cusip:	22553PXH7

© 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.