New Issue: Credit Suisse sells $12.2 million accelerated barrier notes on Stoxx 50

By Susanna Moon

Chicago, May 1 – Credit Suisse AG, London Branch priced $12.2 million of 0% accelerated barrier notes due April 23, 2020 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes at or above its initial level, the payout at maturity will be par plus 250% of the return up to an underlying return cap of 50%.

If the index falls by up to its 80% knock-in level, the payout will be par.

Otherwise, investors will be fully exposed to any losses.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Accelerated barrier notes
Underlying index:	Euro Stoxx 50
Amount:	$12,195,000
Maturity:	April 23, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If index gains, par plus 250% of return up to an underlying return cap of 50%; if index falls by up to knock-in level, par; otherwise, 1% loss per 1% decline
Initial level:	3,494.20
Knock-in level:	2,795.36, 80% of initial level
Pricing date:	April 20
Settlement date:	April 26
Agent:	Credit Suisse Securities (USA) LLC
Fees:	2%
Cusip:	22550WQD2

© 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.