Published on 1/26/2015 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $11 million 6.25% coupon buffered securities tied to index, fund
By Jennifer Chiou
New York, Jan. 26 – Credit Suisse AG, London Branch priced $11 million of 6.25% coupon buffered securities due April 27, 2016 linked to the Russell 2000 index and the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be payable monthly.
The payout at maturity will be par unless either component falls below the 15% buffer on the April 22, 2016 valuation date, in which case investors will lose 1.1765% for every 1% decline of the worst-performing component beyond 15%.
Credit Suisse Securities (USA) LLC is the agent.
Issuer: | Credit Suisse AG, London Branch
|
Issue: | Coupon buffered securities
|
Underlying components: | Russell 2000 index and iShares MSCI EAFE index fund
|
Amount: | $11 million
|
Maturity: | April 27, 2016
|
Coupon: | 6.25%, payable monthly
|
Price: | Par
|
Payout at maturity: | Par unless either component falls by more than 15% on April 22, 2016, in which case 1.1765% loss per each 1% decline of worst-performing component beyond 15%
|
Initial levels: | 1,166.251 for Russell, $61.48 for EAFE fund
|
Buffer amount: | 15% of initial level
|
Pricing date: | Jan. 22
|
Settlement date: | Jan. 27
|
Agent: | Credit Suisse Securities (USA) LLC
|
Fees: | None
|
Cusip: | 22546V2W5
|
|
© 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.