By Tali Rackner
Norfolk, Va., Jan. 14 – Credit Suisse AG, London Branch priced $1.31 million of 0% capped knock-out notes due Jan. 24, 2017 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange.
A knock-out event will occur if the index closes below its initial level by more than the 29.35% knock-out buffer amount on any trading day during the life of the notes.
If a knock-out event has not occurred, the payout at maturity will be par plus the fixed payment percentage of 8%.
If a knock-out event has occurred, the payout will be par plus the lesser of the index return and the fixed payment percentage.
J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA are the agents.
| Issuer: | Credit Suisse AG, London Branch
|
| Issue: | Capped knock-out notes
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $1.31 million
|
| Maturity: | Jan. 24, 2017
|
| Coupon: | 0%
|
| Price: | Par of $1,000
|
| Payout at maturity: | If knock-out event has not occurred, par plus 8% fixed payment percentage; if knock-out event has occurred, par plus the lesser of the index return and the fixed payment percentage
|
| Knock-out buffer amount: | 29.35%
|
| Initial level: | 3,084.68
|
| Pricing date: | Jan. 7
|
| Settlement date: | Jan. 12
|
| Agents: | J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
|
| Fees: | 1%
|
| Cusip: | 22546VU95
|
|
|
|
|
© 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.
