New Issue: Credit Suisse sells $1.23 million absolute return barrier notes on Dow

By Marisa Wong

Morgantown, W.Va., Jan. 4 – Credit Suisse AG, London Branch priced $1.23 million of 0% absolute return barrier securities due Dec. 29, 2023 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes at or above its initial level, the payout at maturity will be par plus 112% of the index return.

If the index falls but finishes above the 70% knock-in level, the payout will be par plus the absolute value of the index return.

Otherwise, investors will lose 1% for each 1% decline.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Absolute return barrier securities
Underlying index:	Dow Jones industrial average
Amount:	$1,229,000
Maturity:	Dec. 29, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If index finishes flat or gains, par plus 1.12 times return; if index falls but finishes above knock-in level, par plus absolute value of return; otherwise, 1% loss for each 1% decline
Initial index level:	24,746.21
Knock-in level:	17,322.347, 70% of initial level
Pricing date:	Dec. 26
Settlement date:	Dec. 29
Agent:	Credit Suisse Securities (USA) LLC
Fees:	3.5%
Cusip:	22550BSY0

© 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.