New Issue: Credit Suisse sells $628,000 accelerated barrier notes on index, ETF

By Marisa Wong

Morgantown, W.Va., Dec. 14 – Credit Suisse AG, London Branch priced $628,000 of 0% accelerated barrier notes due Dec. 10, 2020 linked to the Russell 2000 index and the PowerShares QQQ Trust, Series 1, according to a 424B2 filed with the Securities and Exchange Commission.

If each underlying finishes at or above its initial level, the payout at maturity will be par plus 370% of the return of the worse-performing asset, up to an underlying return cap of 30%.

If either underlying falls but neither finishes below its 50% knock-in level, the payout will be par.

Otherwise, investors will lose 1% for each 1% decline of the worse-performing underlying.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Accelerated barrier securities
Underlying assets:	Russell 2000 index and PowerShares QQQ Trust, Series 1
Amount:	$628,000
Maturity:	Dec. 10, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If each underlying finishes at or above its initial level, par plus 370% of the return of the worse-performing asset, up to an underlying return cap of 30%; if either underlying falls but neither finishes below its 50% knock-in level, par; otherwise, investors will lose 1% for each 1% decline of the worse-performing underlying
Initial index levels:	1,520.469 for index, $154.02 for ETF
Knock-in levels:	760.2345 for index, $77.01 for ETF; 50% of initial levels
Pricing date:	Dec. 7
Settlement date:	Dec. 12
Agent:	Credit Suisse Securities (USA) LLC
Fees:	0.85%
Cusip:	22550BS20

© 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.