Published on 6/3/2015 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse sells $505,000 buffered return equity notes on Euro Stoxx
By Marisa Wong
Madison, Wis., June 3 – Credit Suisse AG, London Branch priced $505,000 of 0% buffered return equity securities due Dec. 4, 2017 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any gain in the index.
Investors will receive par if the index falls by up to 10% and will lose 1% for each 1% decline beyond the 10% buffer.
Credit Suisse Securities (USA) LLC is the agent.
Issuer: | Credit Suisse AG, London Branch
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Issue: | Buffered return equity securities
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Underlying index: | Euro Stoxx 50
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Amount: | $505,000
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Maturity: | Dec. 4, 2017
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus any index gain; par if index falls by up to 10%; 1% loss for each 1% decline beyond buffer
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Initial level: | 3,570.78
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Pricing date: | May 29
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Settlement date: | June 3
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Agent: | Credit Suisse Securities (USA) LLC
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Fees: | 1%
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Cusip: | 22546VCW4
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