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 5/22/2017 in the Prospect News Structured Products Daily.

Credit Suisse plans Bares linked to iShares MSCI Emerging Markets

By Angela McDaniels

Tacoma, Wash., May 22 – Credit Suisse AG, London Branch plans to price 0% Buffered Accelerated Return Equity Securities due Nov. 29, 2018 linked to the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the ETF return is positive, the payout at maturity will be par plus 250% of the ETF return, subject to a maximum return that is expected to be 19%. Investors will receive par if the ETF falls by up to 5% and lose 1% for every 1% decline in the ETF beyond 5%.

Credit Suisse Securities (USA) LLC is the underwriter.

The notes will price May 24.

The Cusip number is 22550B4R1.


© 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.