Published on 2/16/2016 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $1.75 million review notes linked to Euro Stoxx
By Angela McDaniels
Tacoma, Wash., Feb. 16 – Credit Suisse AG, London Branch priced $1.75 million of 0% review notes due Feb. 19, 2019 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus 16% per year if the index closes at or above its initial level on any of three annual review dates.
The payout at maturity will be par unless the index falls by more than 10%, in which case investors will be fully exposed to the index’s decline from its initial level.
J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA are the agents.
Issuer: | Credit Suisse AG, London Branch
|
Issue: | Review notes
|
Underlying index: | Euro Stoxx 50
|
Amount: | $1.75 million
|
Maturity: | Feb. 19, 2019
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par unless index falls by more than 10%, in which case full exposure to index’s losses
|
Call: | Automatically at par plus 16% per year if index closes at or above initial level on Feb. 27, 2017, Feb. 13, 2018 or Feb. 14, 2019
|
Initial level: | 2,789.05
|
Pricing date: | Feb. 10
|
Settlement date: | Feb. 16
|
Agents: | J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
|
Fees: | 2%
|
Cusip: | 22546VX27
|
© 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.