By Wendy Van Sickle
Columbus, Ohio, Oct. 3 – Credit Suisse AG, London Branch priced $1.05 million of autocallable yield notes due Aug. 30, 2024 linked to the stocks of Halliburton Co. and Diamondback Energy, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a quarterly coupon at a rate of 12.2% year.
The notes will be automatically called at par plus the coupon if each stock closes at or above its initial level on any quarterly trigger observation date beginning Feb. 23, 2023.
The payout at maturity will be par unless any stock finishes below its 50% knock-in level, in which case investors will be fully exposed to any losses of the least-performing stock.
Credit Suisse Securities (USA) LLC is the agent.
| Issuer: | Credit Suisse AG, London Branch
|
| Issue: | Autocallable yield notes
|
| Underlying stocks: | Halliburton Co. and Diamondback Energy, Inc.
|
| Amount: | $1,049,000
|
| Maturity: | Aug. 30, 2024
|
| Coupon: | 12.2% per year, payable quarterly
|
| Price: | Par
|
| Payout at maturity: | Par unless any stock finishes below knock-in level, in which case full exposure to the losses of the least performing stock
|
| Call: | Notes will be automatically called at par plus the coupon if each stock closes at or above initial level on any quarterly trigger observation date beginning Feb. 23, 2023
|
| Initial prices: | $31.10 for Halliburton and $133.93 for Diamondback Energy
|
| Knock-in levels: | $15.55 for Halliburton and $66.965 for Diamondback Energy; 50% of initial prices
|
| Pricing date: | Aug. 26
|
| Settlement date: | Aug. 31
|
| Agent: | Credit Suisse Securities (USA) LLC
|
| Fees: | 4.076%
|
| Cusip: | 22553QHP5
|
|
|
© 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.
