By Toni Weeks
San Luis Obispo, Calif., Nov. 4 - Credit Suisse AG, London Branch priced $21,000 of 0% Buffered Accelerated Return Equity Securities due Nov. 5, 2015 tied to the iShares MSCI EAFE exchange-traded fund and the iShares MSCI Emerging Markets ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus the underlying return of the lower-performing fund.
If the fund return is zero or positive, the underlying return will be 1.5 times the fund gain, subject to a cap of 40%.
If a fund falls by up to 10%, its underlying return will be zero. Otherwise, the underlying return will be the fund return plus the 10% buffer.
Credit Suisse Securities (USA) LLC is the underwriter.
| Issuer: | Credit Suisse AG, London Branch
|
| Issue: | Buffered Accelerated Return Equity Securities
|
| Underlying funds: | iShares MSCI EAFE ETF and the iShares MSCI Emerging Markets ETF
|
| Amount: | $21,000
|
| Maturity: | Nov. 5, 2015
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If worse-performing fund gains, par plus 150% of gain, capped at 40%; par if worse-performing fund falls by up to 10% and 1% loss per 1% decline beyond 10%
|
| Initial levels: | $65.88 for EAFE fund, $42.46 for EM fund
|
| Pricing date: | Oct. 31
|
| Settlement date: | Nov. 5
|
| Underwriters: | Credit Suisse Securities (USA) LLC
|
| Fees: | 0.25%
|
| Cusip: | 22547QBS4
|
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