New Issue: Credit Suisse prices $667,000 Bares linked to S&P 500, Russell 2000

By Wendy Van Sickle

Columbus, Ohio, June 5 – Credit Suisse AG, London Branch priced $667,000 of 0% Buffered Accelerated Return Equity Securities due June 28, 2018 linked to the lowest performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.5 times any gain of the lesser performing index, up to an underlying return cap of 9.75%.

Investors will receive par if the lesser performing index falls by up to 10% and will lose 1% for each 1% decline of the lesser performing index beyond 10%.

Credit Suisse Securities (USA) LLC is the underwriter.

Issuer:	Credit Suisse AG, London Branch
Issue:	Buffered Accelerated Return Equity Securities
Underlying indexes:	S&P 500 and Russell 2000
Amount:	$667,000
Maturity:	June 28, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.5 times any gain of the lesser performing index, up to an underlying return cap of 10%; par if the lesser performing index falls by up to 9.75%; 1% loss for each 1% decline of the lesser performing index beyond 10%
Initial levels:	2,415.07 for the S&P and 1,383.388 for Russell
Buffer levels:	2,173.563 for S&P and 1,245.0492 for Russell; 90% of initial levels
Pricing date:	May 25
Settlement date:	May 31
Agent:	Credit Suisse Securities (USA) LLC
Fees:	2.075%
Cusip:	22550B2W2

© 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.