New Issue: Credit Suisse prices $1.06 million 8.35% trigger callable yield notes linked to two funds

By Wendy Van Sickle

Columbus, Ohio, Nov. 15 – Credit Suisse AG, London Branch priced $1.06 million of 8.35% trigger callable yield notes due Nov. 4, 2020 linked to the least performing of the SPDR Dow Jones Industrial Average ETF and the iShares Russell 2000 ETF, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable quarterly.

The notes are callable at par on any coupon payment date.

The payout at maturity will be par of $10 unless any fund finishes below its 75% trigger level, in which case investors will be fully exposed to any losses of the worst performing fund.

UBS Financial Services Inc. and Credit Suisse Securities (USA) LLC are the agents.

Issuer:	Credit Suisse AG, London Branch
Issue:	Trigger callable yield notes
Underlying funds:	SPDR Dow Jones Industrial Average ETF and iShares Russell 2000 ETF
Amount:	$1,058,000
Maturity:	Nov. 4, 2020
Coupon:	8.35%, payable quarterly
Price:	Par of $10
Call option:	At par on any coupon payment date
Payout at maturity:	If each fund finishes at or above trigger level, par; otherwise, full exposure to any losses of worst performing fund
Initial levels:	$158.15 for Russell ETF, $278.05 for Dow
Trigger levels:	$118.61 for Russell ETF, $208.54 for Dow; 75% of initial levels
Pricing date:	Nov. 13
Settlement date:	Nov. 15
Agents:	UBS Financial Services Inc. and Credit Suisse Securities (USA) LLC
Fees:	0%
Cusip:	22550K616

© 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.