By Susanna Moon
Chicago, Aug. 11 – Credit Suisse AG, Nassau branch priced $2.35 million of contingent coupon autocallable yield notes due Aug. 12, 2016 linked to class A common stock of DreamWorks Animation SKG, Inc. shares, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of 14.4% if the stock closes at or above its coupon barrier level, 70% of its initial share price, on the determination date for that quarter.
The notes will be called at par if the stock closes at or above its initial level on any quarterly observation date.
The payout at maturity will be par unless the stock finishes below its knock-in level, 70% of its initial share price, in which case investors will be fully exposed to any losses.
Barclays is the placement agent.
Issuer: | Credit Suisse AG, Nassau branch
|
Issue: | Contingent coupon autocallable yield notes
|
Underlying stock: | DreamWorks Animation SKG, Inc. (Symbol: DWA)
|
Amount: | $2.35 million
|
Maturity: | Aug. 12, 2016
|
Coupon: | 14.4%, payable quarterly if stock closes at or above its coupon barrier level on the determination date for that quarter
|
Price: | Par
|
Payout at maturity: | Par unless DreamWorks stock finishes below its knock-in level, in which case exposure to any losses
|
Call: | At par if stock closes at or above its initial level on any quarterly observation date
|
Initial level: | $20.20
|
Barrier level: | $14.14, 70% of initial price
|
Pricing date: | Aug. 7
|
Settlement date: | Aug. 12
|
Agent: | Barclays
|
Fees: | 1.25%
|
Cusip: | 22546VJU1
|
|
|
© 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.