New Issue: Credit Suisse sells $613,000 accelerated barrier notes on iShares EM

By Marisa Wong

Morgantown, W.Va., June 14 – Credit Suisse AG, London Branch priced $613,000 of 0% accelerated barrier notes due June 3, 2024 linked to the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the ETF finishes at or above its initial level, the payout at maturity will be par plus 115% of the ETF return.

If the ETF falls by up to 30%, the payout will be par.

Otherwise, investors will be fully exposed to the ETF decline.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Accelerated barrier notes
Underlying ETF:	iShares MSCI Emerging Markets exchange-traded fund
Amount:	$613,000
Maturity:	June 3, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If the ETF finishes at or above its initial level, par plus 115% of the ETF return; if the ETF falls by up to 30%, par; otherwise, investors will be fully exposed to the ETF decline
Initial price:	$39.95
Knock-in level:	$27.965, 70% of initial price
Pricing date:	May 24
Settlement date:	May 31
Agent:	Credit Suisse Securities (USA) LLC
Fees:	3.4%
Cusip:	22552FBT8

© 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.