New Issue: Credit Suisse sells $850,000 dual directional capped knock-out notes on Stoxx

By Wendy Van Sickle

Columbus, Ohio, May 2 – Credit Suisse AG, London Branch priced $850,000 of 0% dual directional capped knock-out notes due July 31, 2019 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is greater than the initial level, the payout at maturity will be par plus the index return, subject to an upside maximum return of 13.8%.

If the index finishes flat or falls by up to 20%, the payout will be par plus the absolute value of the index return.

If the index falls by more than 20%, investors will be fully exposed to the decline.

J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA are the placement agents.

Issuer:	Credit Suisse AG, London Branch
Issue:	Dual directional capped knock-out notes
Underlying index:	Euro Stoxx 50
Amount:	$850,000
Maturity:	July 31, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	If index gains, par plus index return, capped at 13.8%; if index declines by 20% or less, par plus absolute value of return; otherwise, full exposure to any losses
Initial level:	3,518.78
Final level:	Average of closing index levels on five trading days ending July 26, 2019
Pricing date:	April 27
Settlement date:	May 2
Agents:	J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
Fees:	1.12%
Cusip:	22550WRL3

© 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.