By Angela McDaniels
Tacoma, Wash., Feb. 3 - Credit Suisse AG, London Branch priced $2.94 million of 0% cert plus securities due Feb. 5, 2018 linked to the Euro Stoxx 50 index and the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus the underlying return of the lowest performing underlier.
If an underlier's final level is greater than or equal to its initial level, its underlying return will be 227% of its return.
If an underlier's final level is less than its initial level and a knock-in event has occurred, its underlying return will be equal to its return. A knock-in event occurs if either underlier finishes at or below its knock-in level, 70% of its initial level.
If an underlier's final level is less than its initial level and a knock-in event has not occurred, its underlying return will be zero.
Credit Suisse Securities (USA) LLC is the agent.
| Issuer: | Credit Suisse AG, London Branch
|
| Issue: | Cert plus securities
|
| Underliers: | Euro Stoxx 50 index and iShares MSCI EAFE ETF
|
| Amount: | $2,937,000
|
| Maturity: | Feb. 5, 2018
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus underlying return of lowest performing underlier
|
| Underlying return: | If underlier's final level is greater than or equal to initial level, 227% of its return; if underlier's final level is less than initial level and knock-in event has occurred, 100% of its return; if underlier's final level is less than initial level and knock-in event has not occurred, zero
|
| Knock-in event: | Either underlier's final level is less than or equal to its knock-in level
|
| Initial levels: | 3,027.30 for index and $64.71 for ETF
|
| Knock-in levels: | 2,119.1100 for index and $45.2970 for ETF, 70% of initial levels
|
| Pricing date: | Jan. 30
|
| Settlement date: | Feb. 4
|
| Agent: | Credit Suisse Securities (USA) LLC
|
| Fees: | 0.55%
|
| Cusip: | 22547QG75
|
© 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.
