Published on 12/16/2016 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $1.4 million Bares linked to iShares MSCI EAFE
By Wendy Van Sickle
Columbus, Ohio, Dec. 16 – Credit Suisse AG, London Branch priced $1.4 million of 0% Buffered Accelerated Return Equity Securities due March 16, 2018 linked to the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the ETF return is positive, the payout at maturity will be par plus 250% of the ETF return, subject to a maximum return of 19.8%. Investors will receive par if the ETF falls by up to 5% and lose 1 for every 1% decline in the ETF beyond 5%.
Credit Suisse Securities (USA) LLC is the underwriter.
Issuer: | Credit Suisse AG, London Branch
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Issue: | Buffered Accelerated Return Equity Securities
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Underlying ETF: | iShares MSCI EAFE
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Amount: | $1,402,000
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Maturity: | March 16, 2018
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If ETF return is positive, par plus 250% of ETF return, up to 19.8% maximum return; par if ETF falls by up to 5%; 1 loss for every 1% decline in ETF beyond 5%
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Initial share price: | $59.09
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Pricing date: | Dec. 13
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Settlement date: | Dec. 16
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Underwriter: | Credit Suisse Securities (USA) LLC
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Fees: | 0.5%
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Cusip: | 22548QQA6
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