New Issue: Credit Suisse sells $3.45 million buffered accelerated return notes on tech stocks

By Kiku Steinfeld

Chicago, Aug. 2 – Credit Suisse AG, London Branch priced $3.45 million of 0% buffered accelerated return equity securities due Aug. 19, 2022 linked to the lowest performing of the stocks of Apple Inc., Amazon.com, Inc., Alphabet Inc. and Microsoft Corp., according to a 424B2 filing with the Securities and Exchange Commission.

If each stock closes at or above its initial level, the payout at maturity will be par plus 162.15% of the return of the lesser-performing stock.

Investors will receive par if either stock falls by 10% or less and will lose 1% for every 1% that the lesser-performing stock declines beyond 10%.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Buffered accelerated return equity securities
Underlying stocks:	Apple Inc., Amazon.com, Inc., Alphabet Inc. and Microsoft Corp.
Amount:	$3.45 million
Maturity:	Aug. 19, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If each stock closes at or above initial level, par plus 162.15% of return of lesser-performing stock; par if each stock declines by 10% or less; 1% loss for every 1% that lesser-performing stock declines beyond 10%
Initial levels:	$2,539.40 for Alphabet, $3,573.63 for Amazon, $146.39 for Apple and $280.75 for Microsoft
Buffer levels:	$2,285.46 for Alphabet, $3,216.267 for Amazon, $131.751 for Apple and $252.675 for Microsoft; 90% of initial levels
Pricing date:	July 16
Settlement date:	July 21
Underwriter:	Credit Suisse Securities (USA) LLC
Fees:	2.35%
Cusip:	22552XQU0

© 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.