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Published on 8/19/2014 in the Prospect News Structured Products Daily.

New Issue: Credit Suisse prices $1.46 million Bares on Euro Stoxx 50, iShares MSCI EAFE

By Jennifer Chiou

New York, Aug. 19 – Credit Suisse AG, London Branch priced $1,462,000 of 0% Buffered Accelerated Return Equity Securities due Aug. 20, 2020 tied 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.

If the return of the lowest-performing underlying asset is flat or positive, the payout at maturity will be par plus 205% of the return.

If the lowest-performing underlying asset falls by up to 40%, the payout will be par. And if the lowest performer falls by more than 40%, investors will lose 1% for every 1.6667% decline beyond the buffer.

Credit Suisse Securities (USA) LLC is the underwriter.

Issuer:Credit Suisse AG, London Branch
Issue:Buffered Accelerated Return Equity Securities
Underlyings:Euro Stoxx 50 and iShares MSCI EAFE ETF
Amount:$1,462,000
Maturity:Aug. 20, 2020
Coupon:0%
Price:Par
Payout at maturity:If return of lowest-performing underlying asset is flat or positive, par plus 205% of the return; if lower-performing underlying falls by 40% or less, par; otherwise, 1.6667% loss for every 1% decline of lower-performing underlying beyond buffer
Initial levels:3,033.52 for index and $66.13 for fund
Pricing date:Aug. 15
Settlement date:Aug. 20
Underwriters:Credit Suisse Securities (USA) LLC
Fees:0.8%
Cusip:22547QS80

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