By Marisa Wong
Morgantown, W.Va., Nov. 21 – Credit Suisse AG, London Branch priced $3.8 million of 0% Buffered Accelerated Return Equity Securities due Dec. 21, 2017 linked to a weighted basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket components are the MSCI EAFE index with a 60% weight and the MSCI Emerging Markets index with a 40% weight.
If the basket return is positive, the payout at maturity will be par plus 150% of the basket return, subject to a maximum return of 10%.
Investors will receive par if the basket falls by up to 13% and lose 1% for every 1% decline in the basket beyond 13%.
Credit Suisse Securities (USA) LLC is the underwriter.
| Issuer: | Credit Suisse AG, London Branch
|
| Issue: | Buffered Accelerated Return Equity Securities
|
| Underlying indexes: | MSCI EAFE (60% weight), MSCI Emerging Markets (40% weight)
|
| Amount: | $3,798,000
|
| Maturity: | Dec. 21, 2017
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 150% of basket gain, capped at 10%; par if basket falls by up to 13%; 1% loss for every 1% decline in basket beyond 13%
|
| Initial index levels: | 1,624.35 for EAFE, 847.15 for EM
|
| Pricing date: | Nov. 16
|
| Settlement date: | Nov. 21
|
| Underwriter: | Credit Suisse Securities (USA) LLC
|
| Fees: | 0.25%
|
| Cusip: | 22548QNP6
|
|
|
© 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.
