Published on 6/30/2014 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $1.09 million Bares linked to Euro Stoxx 50
By Jennifer Chiou
New York, June 30 – Credit Suisse AG, London Branch priced $1,089,000 of 0% Buffered Accelerated Return Equity Securities due June 28, 2018 tied to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is flat or positive, the payout at maturity will be par plus 125% of the return.
Investors will receive par if the index falls by up to 15% and lose 1% for every 1% decline in the index beyond 15%.
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 index: | Euro Stoxx 50
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Amount: | $1,089,000
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Maturity: | June 28, 2018
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index return is flat or positive, par plus 125% of the return; par if index falls by up to 15%; 1% loss for every 1% decline in the index beyond 15%
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Initial index level: | 3,252.31
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Pricing date: | June 25
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Settlement date: | June 30
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Underwriters: | Credit Suisse Securities (USA) LLC
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Fees: | 3.5%
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Cusip: | 22547QNF9
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