New Issue: Credit Suisse sells $41,000 leveraged buffered notes on iShares MSCI EM

By Marisa Wong

Madison, Wis., July 6 – Credit Suisse AG, London Branch priced $41,000 of 0% leveraged buffered notes due March 3, 2017 linked to the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.5 times any fund gain, subject to a maximum settlement amount of $1,205.50 per $1,000 principal amount of notes.

Investors will receive par if the fund falls by up to 12.5% and will lose 1.1429% for every 1% decline beyond 12.5%.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Leveraged buffered notes
Underlying fund:	iShares MSCI Emerging Markets ETF
Amount:	$41,000
Maturity:	March 3, 2017
Coupon:	0%
Price:	Par
Payout at maturity:	If fund return is positive, par plus 150% of gain, subject to maximum settlement amount of $1,205.50 per $1,000 principal amount; par if fund declines by 12.5% or less; 1.1429% loss for every 1% decline beyond 12.5%
Initial price:	$39.62
Pricing date:	June 30
Settlement date:	July 8
Agent:	Credit Suisse Securities (USA) LLC
Fees:	None
Cusip:	22546VFZ4

© 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.