Published on 9/3/2014 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $413,000 accelerated barrier notes on Euro Stoxx, iShares EAFE
By Marisa Wong
Madison, Wis., Sept. 3 – Credit Suisse AG, London Branch priced $413,000 of 0% accelerated barrier notes due Sept. 4, 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.
If the final level of the least-performing underlying is greater than or equal to its initial level, the payout at maturity will be par plus 210% of the return of that underlying.
If the least-performing underlying finishes below its initial level and a knock-in event does not occur, the payout will be par. A knock-in event occurs if either underlying finishes at or below its knock-in level, 70% of its initial level.
If the least-performing underlying finishes below its initial level and a knock-in event occurs, investors will be fully exposed to the decline of the least-performing underlying.
Credit Suisse Securities (USA) LLC is the underwriter.
| Issuer: | Credit Suisse AG, London Branch
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| Issue: | Accelerated barrier notes
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| Underlyings: | Euro Stoxx 50 index and the iShares MSCI EAFE ETF
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| Amount: | $413,000
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| Maturity: | Sept. 4, 2018
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If least-performing underlying finishes at or above initial level, par plus 210% of return of that underlying; if least-performing underlying finishes below initial level and knock-in event does not occur, par; if least-performing underlying finishes below initial level and knock-in event occurs, full exposure to decline of least-performing underlying
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| Knock-in event: | Either underlying finishes at or below its knock-in level
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| Initial underlying levels: | 3,172.63 for index and $66.71 for ETF
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| Knock-in levels: | 2,220.841 for index and $46.697 for ETF, 70% of initial levels
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| Pricing date: | Aug. 29
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| Settlement date: | Sept. 4
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| Underwriter: | Credit Suisse Securities (USA) LLC
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| Fees: | 1.6%
|
| Cusip: | 22547QRG3
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