New Issue: Credit Suisse prices $83.8 million Capped Leveraged Index Return Notes on S&P 500

By Marisa Wong

Morgantown, W.Va., Feb. 29 – Credit Suisse AG, London Branch priced $83.8 million of 0% Capped Leveraged Index Return Notes due Feb. 23, 2018 linked to the S&P 500 index, according to a 424B5 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par of $10 plus 200% of the index return, subject to a maximum return of 19.85%. Investors will receive par if the index falls by up to 10% and will be exposed to any losses beyond the 10% buffer.

The final index level will be the average of the closing index levels on the five trading days ending Feb. 20, 2018.

BofA Merrill Lynch is the underwriter.

Issuer:	Credit Suisse AG, London Branch
Issue:	Capped Leveraged Index Return Notes
Underlying index:	S&P 500 index
Amount:	$83,795,110
Maturity:	Feb. 23, 2018
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 200% of any index gain, capped at 19.85%; par if index falls by up to 10%; exposure to any losses beyond 10%
Initial level:	1,951.70
Buffer level:	1,756.53, 90% of initial level
Pricing date:	Feb. 25
Settlement date:	March 3
Agent:	BofA Merrill Lynch
Fees:	2%
Cusip:	22548D229

© 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.