New Issue: Credit Suisse sells $1.48 million buffered accelerated return notes on Dow

By Kiku Steinfeld

Chicago, July 3 – Credit Suisse AG, London Branch priced $1.48 million of 0% buffered accelerated return equity securities due June 3, 2022 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is at or above its initial level, the payout at maturity will be par plus 150% of the index return, capped at a return of 24%.

Investors will receive par if the index falls by 20% or less and will lose 1% for every 1% decline beyond 20%.

Credit Suisse Securities (USA) LLC and Incapital LLC are the agents.

Issuer:	Credit Suisse AG, London Branch
Issue:	Buffered accelerated return equity securities
Underlying index:	Dow Jones industrial average
Amount:	$1,480,000
Maturity:	June 3, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If the index return is at or above its initial level, par plus 150% of index return capped at 24% return; par if index declines by 20% or less; 1% loss for every 1% index declines beyond 20%
Initial index level:	25,347.77
Buffer level:	20,278.216, 80% of initial level
Pricing date:	May 28
Settlement date:	May 31
Agents:	Credit Suisse Securities (USA) LLC and Incapital LLC
Fees:	2.8%
Cusip:	22552FBJ0

© 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.