New Issue: Credit Suisse sells $500,000 contingent coupon autocallable yield notes on indexes, fund

Chicago, March 25 – Credit Suisse AG, London Branch priced $500,000 of contingent coupon autocallable yield notes due March 10, 2023 linked to the least performing of the S&P 500 index, the SPDR S&P oil & gas exploration & production ETF and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.

Every quarter, the notes pay a contingent coupon at the rate of 13.55% per year if each asset closes at or above its coupon barrier level, 60% of its initial level, on the related observation date.

The notes will be called at par if each asset closes at or above its initial level on any observation date starting Sept. 4, 2020.

The payout at maturity will be par unless any asset finishes below its knock-in level, 60% of its initial level, in which case investors will be exposed to the decline of the least-performing asset from its initial level.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Contingent coupon autocallable yield notes
Underlying assets:	S&P 500 index, the SPDR S&P oil & gas exploration & production ETF and the Nasdaq-100 index
Amount:	$500,000
Maturity:	March 10, 2023
Coupon:	13.55% per year, payable quarterly if each underlying asset closes at or above its coupon barrier level on observation date
Price:	Par
Payout at maturity:	Par unless any asset finishes below its knock-in level, in which case investors will be exposed to the decline of the least-performing asset from its initial level
Call option:	Automatically at par plus coupon if each asset closes at or above initial level on any observation date starting Sept. 4, 2020
Initial levels:	3023.94 for S&P 500, 8671.658 for Nasdaq, $14.28 for SPDR
Coupon barrier levels:	1814.364 for S&P 500, 5202.9948 for Nasdaq, $8.568 for SPDR, 60% of initial levels
Knock-in levels:	1814.364 for S&P 500, 5202.9948 for Nasdaq, $8.568 for SPDR, 60% of initial levels
Pricing date:	March 5
Settlement date:	March 10
Agent:	Credit Suisse Securities (USA) LLC
Fees:	0.95%
Cusip:	22551NUB0

© 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.