New Issue: Credit Suisse prices $550,000 return enhanced notes on index basket vs. S&P 500

By Susanna Moon

Chicago, March 5 - Credit Suisse AG, London Branch priced $550,000 of 0% return enhanced notes due March 18, 2015 linked to an equally weighted basket of three select sector indexes and the downside return of the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of the Select Sector Financials index, the Select Sector Industrials index and the Select Sector Technology index.

The payout at maturity will be par plus 101% of any basket gain plus any losses in the S&P index.

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

Issuer:	Credit Suisse AG, London Branch
Issue:	Return enhanced notes
Underlying indexes:	Select Sector Financials index, the Select Sector Industrials index and the Select Sector Technology index, equally weighted versus S&P 500
Amount:	$550,000
Maturity:	March 18, 2015
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 101% of any basket gain plus any S&P index loss
Initial levels:	216.50 for Financials, 519.39 for Industrials, 362.14 for Technology, 1,859.45 for S&P
Pricing date:	Feb. 28
Settlement date:	March 5
Agents:	J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
Fees:	1%
Cusip:	22547QJP2

© 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.