New Issue: Credit Suisse prices $3.11 million trigger jump notes on index basket

By Susanna Moon

Chicago, Feb. 15 – Credit Suisse AG, London Branch priced $3.11 million of 0% trigger jump securities due Feb. 5, 2024 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of the MSCI Emerging Markets index with a 70% weight and the Tokyo Stock Price index with a 30% weight.

If the basket finishes at or above its initial level, the payout at maturity will be par of $10 plus the greater of the basket gain and the upside payment of 38.5%.

Investors will receive par if the basket falls by up to 35% and will be exposed to any losses if the basket finishes below its 65% trigger level.

Credit Suisse Securities (USA) LLC is the agent with Morgan Stanley Wealth Management handling distribution.

Issuer:	Credit Suisse AG, London Branch
Issue:	Trigger jump securities
Underlying basket:	MSCI Emerging Markets index (70% weight) and Tokyo Stock Price index (30% weight)
Amount:	$3,105,150
Maturity:	Feb. 5, 2024
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If basket gains, par plus greater of 38.5% and basket return; par if basket falls by up to 35%; otherwise, 1% loss for each 1% decline
Initial levels:	1,254.59 for MSCI EM, 1,836.71 for Topix
Trigger levels:	65% of initial levels
Pricing date:	Jan. 31
Settlement date:	Feb. 5
Underwriter:	Credit Suisse Securities (USA) LLC with Morgan Stanley Wealth Management handling distribution
Fees:	3%
Cusip:	22549E192

© 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.