By Susanna Moon
Chicago, April 15 - Credit Suisse AG, London Branch priced $2.11 million of contingent coupon callable yield notes due Oct. 16, 2015 linked to the S&P 500 index, the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of 9.2% if each index closes at or above its barrier level, 75% of the initial level, on the observation date for that quarter.
The payout at maturity will be par unless any index finishes at or below its barrier level, in which case investors will be fully exposed to any losses of the worst performing index.
The notes will be callable at par plus the contingent coupon on any quarterly interest payment date other than the final date.
Credit Suisse Securities (USA) LLC is the agent.
Issuer: | Credit Suisse AG, London Branch
|
Issue: | Contingent coupon callable yield notes
|
Underlying indexes: | S&P 500, Russell 2000 and Euro Stoxx 50
|
Amount: | $2.11 million
|
Maturity: | Oct. 16, 2015
|
Coupon: | 9.2% per year, payable quarterly if each index closes at or above its barrier level on observation date for that quarter
|
Price: | Par
|
Payout at maturity: | If any index finishes below barrier level, full exposure to losses of worst performing index; otherwise, par
|
Call option: | At par plus coupon on any interest payment date other than the final date
|
Barrier levels: | 1,361.7675 for S&P, 833.57888 for Russell and 2,337.405 for Euro Stoxx; 75% of initial levels
|
Pricing date: | April 11
|
Settlement date: | April 16
|
Agent: | Credit Suisse Securities (USA) LLC
|
Fees: | 1.5%
|
Cusip: | 48127DEM6
|
© 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.