Published on 6/30/2015 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $1.55 million contingent coupon callable yield notes linked to indexes
By Angela McDaniels
Tacoma, Wash., June 30 – Credit Suisse AG, London Branch priced $1.55 million of contingent coupon callable yield notes due June 30, 2025 linked to the Euro Stoxx 50 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
Each quarter, the notes will pay a contingent coupon at the rate of 8.5% per year unless either index closes below its barrier level, 60% of its initial level, on the observation date for that quarter.
The payout at maturity will be par unless either index finishes below its barrier level, in which case investors will be fully exposed to the decline of the lesser-performing index.
The notes are callable at par on any interest payment date.
Incapital LLC is the agent.
| Issuer: | Credit Suisse AG, London Branch
|
| Issue: | Contingent coupon callable yield notes
|
| Underlying indexes: | Euro Stoxx 50 and Russell 2000
|
| Amount: | $1,545,000
|
| Maturity: | June 30, 2025
|
| Coupon: | Each quarter, notes pay contingent coupon at rate of 8.5% per year unless either index closes below barrier level on observation date for that quarter
|
| Price: | Par
|
| Payout at maturity: | Par unless either index finishes below barrier level, in which case full exposure to decline of lesser-performing index
|
| Call option: | At par on any interest payment date
|
| Initial index levels: | 3,610.91 for Euro Stoxx 50 and 1,283.281 for Russell 2000
|
| Barrier levels: | 2,166.546 for Euro Stoxx 50 and 769.9686 for Russell 2000; 60% of initial levels
|
| Pricing date: | June 25
|
| Settlement date: | June 30
|
| Agent: | Incapital LLC
|
| Fees: | 4.38%
|
| Cusip: | 22546VEU6
|
© 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.
