New Issue: Credit Suisse sells $4.75 million 10% buffered notes tied to swap rates

By Susanna Moon

Chicago, March 17 – Credit Suisse AG, London Branch priced $4.75 million of 10% annualized coupon buffered securities due Dec. 15, 2017 linked to the spread between the 30-year U.S. dollar ICE Swap rate and the two-year U.S. dollar ICE Swap Rate, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

The payout at maturity will be par unless the final rate spread is more than 50%, in which case investors will lose 2% for each 1% decline beyond 50%.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Coupon buffered securities
Underlyings:	Spread between the 30-year U.S. dollar ICE Swap rate and the two-year U.S. dollar ICE Swap Rate
Amount:	$4,746,000
Maturity:	Dec. 15, 2017
Coupon:	10%, payable monthly
Price:	Par
Payout at maturity:	Par unless final rate spread is more than 50%, in which case 2% loss per 1% decline beyond 50%
Initial rate spread:	1.108%
Barrier level:	50% of initial level
Pricing date:	March 10
Settlement date:	March 15
Agent:	Credit Suisse Securities (USA) LLC
Fees:	4%
Cusip:	22548QX67

© 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.