Published on 6/12/2015 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $5.07 million buffered return notes linked to Russell 2000
By Angela McDaniels
Tacoma, Wash., June 12 – Credit Suisse AG, London Branch priced $5.07 million of 0% buffered return equity securities due Feb. 15, 2017 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is greater than the initial index level, the payout at maturity will be par plus the index return, subject to a cap of 15.2%. If the index declines by 15% or less, the payout will be par. Otherwise, investors will lose 1% for every 1% that the index declines beyond 15%.
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: | Russell 2000
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Amount: | $5,066,000
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Maturity: | Feb. 15, 2017
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If final index level is greater than initial index level, par plus index return, subject to 15.2% cap; if index declines by 15% or less, par; 1% loss for every 1% that index declines beyond 15%
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Initial index level: | 1,266.927
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Pricing date: | June 10
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Settlement date: | June 15
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Agent: | Credit Suisse Securities (USA) LLC
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Fees: | 2.5%
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Cusip: | 22546VF84
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