New Issue: Credit Suisse prices $1.05 million return enhanced notes linked to regional banking ETF

By Wendy Van Sickle

Columbus, Ohio, Oct. 4 – Credit Suisse AG, London Branch priced $1.05 million of 0% return enhanced notes due Oct. 17, 2018 linked to the SPDR S&P Regional Banking exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the final share price is greater than the initial share price, the payout at maturity will be par plus two times the ETF return, subject to a maximum return of 20.2%. If the final share price is less than the initial share price, investors will have one-to-one exposure to the decline.

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

Issuer:	Credit Suisse AG, London Branch
Issue:	Return enhanced notes
Underlying ETF:	SPDR S&P Regional Banking ETF
Amount:	$1.05 million
Maturity:	Oct. 17, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	If final share price is greater than initial share price, par plus two times ETF return, subject to maximum return of 20.2%; if final share price is less than initial share price, one-to-one exposure to decline
Initial share price:	$56.43
Final share price:	Average of ETF’s closing share prices on five trading days ending Oct. 12, 2018
Pricing date:	Sept. 28
Settlement date:	Oct. 3
Agents:	J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
Fees:	1%
Cusip:	22550BKG7

© 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.