E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 5/6/2016 in the Prospect News Structured Products Daily.

New Issue: Credit Suisse prices $5.31 million leveraged notes linked to MSCI India

By Marisa Wong

Morgantown, W.Va., May 6 – Credit Suisse AG, London Branch priced $5.31 million of 0% notes due May 1, 2019 linked to the MSCI India index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par of $10 plus 200% of the index return, subject to a maximum return of 38.05%. If the index return is negative, investors will be fully exposed to the decline.

The final index level will be the average of the index’s closing levels over the five trading days ending April 26, 2019.

The agent is BofA Merrill Lynch.

Issuer:Credit Suisse AG, London Branch
Issue:Notes
Underlying index:MSCI India
Amount:$5,306,000
Maturity:May 1, 2019
Coupon:0%
Price:Par of $10
Payout at maturity:If the index return is positive, par plus 200% of the index return, capped at 38.05%; if the index return is negative, investors will be fully exposed to the decline
Initial level:444.10
Final level:Average of the index’s closing levels over the five trading days ending April 26, 2019
Pricing date:May 3
Settlement date:May 6
Agent:BofA Merrill Lynch
Fees:2.25%
Cusip:22547V808

© 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.