New Issue: Credit Suisse sells $1.95 million one-year review notes tied to S&P 500

By Wendy Van Sickle

Columbus, Ohio, May 31 – Credit Suisse AG, London Branch priced $1.95 million of 0% review notes due June 12, 2019 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par plus an annualized call premium of 8% if the index closes at or above its initial level on any quarterly review date.

If the notes are not called, the payout at maturity will be par unless the index finishes below 85% knock-out level, in which case investors will be fully exposed to the decline.

J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA are the agents.

Issuer:	Credit Suisse AG, London Branch
Issue:	Review notes
Underlying index:	S&P 500
Amount:	$1.95 million
Maturity:	June 12, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	Par unless index falls by more than 15%, in which case 1% loss for each 1% decline
Call:	At par plus 8% annualized if index closes at or above initial level on any quarterly review date
Initial level:	2,721.33
Knock-out level:	2,313.13, 85% of initial level
Pricing date:	May 25
Settlement date:	May 31
Agents:	J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
Fees:	1%
Cusip:	22550WVE4

© 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.