Chicago, Nov. 17 – Credit Suisse AG, London Branch priced $460,000 of autocallable yield notes due April 10, 2023 linked to the SPDR S&P Oil & Gas Exploration & Production ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a monthly coupon at an annual rate of 9.55%.
The notes will be called at par if the fund closes at or above initial price on any monthly autocall observation date after six months.
If the notes are not called, the payout at maturity will be par unless the share price finishes below the 65% knock-in level, in which case investors will lose 1% for each 1% decline of the fund.
Credit Suisse Securities (USA) LLC is the agent.
| Issuer: | Credit Suisse AG, London Branch
|
| Issue: | Autocallable yield notes
|
| Underlying fund: | SPDR S&P Oil & Gas Exploration & Production ETF
|
| Amount: | $460,000
|
| Maturity: | April 10, 2023
|
| Coupon: | 9.55% per year, payable monthly
|
| Price: | Par
|
| Payout at maturity: | Par unless the share price finishes below knock-in, in which case investors will lose 1% for each 1% decline of the fund
|
| Call: | Automatically at par if the fund closes at or above its initial level on any monthly autocall observation date after six months
|
| Initial share price: | $125.01
|
| Knock-in level: | $81.2565, 65% of initial share price
|
| Pricing date: | March 4
|
| Settlement date: | March 9
|
| Agent: | Credit Suisse Securities (USA) LLC
|
| Fees: | 2.15%
|
| Cusip: | 22553PLQ0
|
|
|
© 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.
