E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 8/24/2010 in the Prospect News Structured Products Daily.

New Issue: Credit Suisse prices $1.53 million Bares linked to iShares MSCI Emerging Markets

By Angela McDaniels

Tacoma, Wash., Aug. 24 - Credit Suisse AG, Nassau Branch priced $1.53 million of 0% Buffered Accelerated Return Equity Securities due Aug. 27, 2012 linked to the iShares MSCI Emerging Markets index fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the exchange-traded fund's final share price is greater than or equal to the initial share price, the payout at maturity will be par plus 19.3%. Investors will receive par if the share prices declines by 15% or less and will lose 1% for every 1% that it declines beyond 15%.

Credit Suisse Securities (USA) LLC is the underwriter.

Issuer:Credit Suisse AG, Nassau Branch
Issue:Buffered Accelerated Return Equity Securities
Underlying ETF:iShares MSCI Emerging Markets index fund
Amount:$1,533,000
Maturity:Aug. 27, 2012
Coupon:0%
Price:Par
Payout at maturity:Par plus 19.3% if final share price is greater than or equal to initial share price; par if share price falls by 15% or less; 1% loss for every 1% decline beyond 15%
Initial share price:$41.01
Pricing date:Aug. 20
Settlement date:Aug. 27
Underwriter:Credit Suisse Securities (USA) LLC
Fees:1.85%
Cusip:22546EYJ7

© 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.