New Issue: Credit Suisse prices $1.15 million five-year CS notes tied to S&P, Dow

By Wendy Van Sickle

Columbus, Ohio, Jan. 8 – Credit Suisse AG, London Branch priced $1.15 million of 0% CS notes due Jan. 3, 2024 linked to the lesser-performing of the S&P 500 index and the Dow Jones industrial average, equally weighted, according to a 424B2 filing with the Securities and Exchange.

The payout at maturity will be par plus 1.5 times any gain of the lesser-performing index up to a 65% maximum gain.

Investors will be exposed to the first 5% of any loss of the lesser-performing index.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	CS notes
Underlying basket:	S&P 500 index, Dow Jones industrial average
Amount:	$1,145,000
Maturity:	Jan. 3, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 150% gain of lesser-performing index up to a 65% maximum gain; exposure to first 5% of loss of lesser-performing index
Initial levels:	2,485.74 for S&P, 23,062.4 for Dow
Threshold levels:	2,361.453 for S&P, 21,909.28 for Dow; 95% of initial levels
Pricing date:	Dec. 28
Settlement date:	Jan. 3
Agent:	Credit Suisse Securities (USA) LLC
Fees:	0.5%
Cusip:	22551LQP8

© 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.