New Issue: Credit Suisse sells $720,000 buffered return equity notes on three indexes

By Sarah Lizee

Olympia, Wash., Feb. 14 – Credit Suisse AG, London Branch priced $720,000 of 0% buffered return equity securities due Feb. 6, 2025 linked to the Dow Jones industrial average, the S&P 500 index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each index gains or finishes flat, the payout at maturity will be par plus the return of the least-performing index.

If any index declines by up to 46.5% or less, the payout will be par. Otherwise, investors will lose 1% for every 1% that the lesser-performing index declines beyond the buffer.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Buffered return equity securities
Underlying indexes:	Dow Jones industrial average, S&P 500 index and Nasdaq-100 index
Amount:	$720,000
Maturity:	Feb. 6, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If each index gains or finishes flat, par plus gain of least-performing index; par if any index falls by up to buffer level; 1% loss for each 1% that least-performing index declines beyond buffer
Initial levels:	3,248.92 for S&P, 28,399.81 for Dow, 9,126.232 for Nasdaq
Buffer levels:	1,738.1722 for S&P, 15,193.89835 for Dow, 4,882.53412 for Nasdaq, 53.5% of initial levels
Pricing date:	Feb. 3
Settlement date:	Feb. 6
Agent:	Credit Suisse Securities (USA) LLC
Fees:	1.075%
Cusip:	22551NK54

© 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.