New Issue: Credit Suisse prices $120,000 buffered notes due 2021 on Home Depot

By Wendy Van Sickle

Columbus, Ohio, May 1 – Credit Suisse AG, London Branch priced $120,000 of 0% buffered notes due May 12, 2021 linked to the common stock of Home Depot, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

If the stock closes at or above 80% of its initial level, the payout at maturity will be par of $10,000 plus 10.65%.

If the stock declines by more than 20%, investors will be exposed to the loss beyond 20% and will be paid in shares of the underlying stock.

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

Issuer:	Credit Suisse AG, London Branch
Issue:	Buffered notes
Underlying shares:	Home Depot, Inc.
Amount:	$120,000
Maturity:	May 12, 2021
Coupon:	0%
Price:	Par of $10,000
Payout at maturity:	If stock finishes at or above 80% of initial level, par plus 10.65%; otherwise, number of Home Depot shares equal to $10,000 divided by buffer level or, at issuer’s option, amount of cash equal to value of those shares
Initial level:	$212.18
Buffer level:	$169.74, 80% of initial level
Pricing date:	April 27
Settlement date:	April 30
Placement agents:	J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
Fees:	1%
Cusip:	22550MEJ4

© 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.