Published on 4/26/2016 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $4.08 million Bares linked to iShares MSCI EAFE
By Wendy Van Sickle
Columbus, Ohio, April 26 – Credit Suisse AG, London Branch priced $4.08 million of Buffered Accelerated Return Equity Securities due Oct. 26, 2017 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 150% of the ETF return, subject to a maximum return of 18%. Investors will receive par if the ETF falls by up to 20% and lose 1.25% for every 1% decline in the ETF beyond 20%.
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 ETF
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Amount: | $4,075,000
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Maturity: | Oct. 26, 2017
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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 150% of ETF return, up to 18% maximum return; par if ETF falls by up to 20%; 1.25% loss for every 1% decline in ETF beyond 20%
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Initial share price: | $59.51
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Pricing date: | April 22
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Settlement date: | April 27
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Underwriter: | Credit Suisse Securities (USA) LLC
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Fees: | None
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Cusip: | 22548Q4P7
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