New Issue: Credit Suisse prices $7.69 million Stars linked to two iShares MSCI ETFs

By Angela McDaniels

Tacoma, Wash., Nov. 3 – Credit Suisse AG, London Branch priced $7.69 million of 0% Strategic Accelerated Redemption Securities due Nov. 16, 2015 linked to an equally weighted basket comprised of the iShares MSCI EAFE exchange-traded fund and the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

Beginning six months after issuance, the notes will be automatically called at par of $10 plus an annualized call premium of 7% if the basket closes at or above its initial level on any quarterly observation date.

If the notes are not called and the final basket level is at least 95% of the initial level, the payout at maturity will be par. Otherwise, investors will lose 1% for every 1% that the basket declines beyond 5%.

BofA Merrill Lynch is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Strategic Accelerated Redemption Securities
Underlying ETFs: iShares MSCI EAFE and iShares MSCI Emerging Markets, equally weighted
Amount:	$7,693,290
Maturity:	Nov. 16, 2015
Coupon:	0%
Price:	Par of $10.00
Payout at maturity:	If final basket level is at least 95% of initial level, par; otherwise, 1% loss for every 1% that basket declines beyond 5%
Call:	Automatically at par plus annualized call premium of 7% if basket closes at or above initial level on April 17, 2015, July 24, 2015 or Nov. 6, 2015
Initial share prices:	$62.79 for EAFE ETF and $41.97 for Emerging Markets ETF
Pricing date:	Oct. 30
Settlement date:	Nov. 6
Agent:	BofA Merrill Lynch
Fees:	1.25%
Cusip:	22539W202

© 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.