New Issue: Credit Suisse prices $605,000 accelerated barrier notes on Euro Stoxx 50, iShares MSCI EAFE

By Susanna Moon

Chicago, Nov. 5 – Credit Suisse AG, London Branch priced $605,000 of 0% accelerated barrier notes due Nov. 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.

If the each component finishes above its initial level, the payout at maturity will be par plus 155% of the return of the worse performing component.

If the worst performing component falls by up to the 50% knock-in level, the payout will be par.

Otherwise, investors will be fully exposed to any losses of the worst performing component.

Credit Suisse Securities (USA) LLC is the underwriter.

Issuer:	Credit Suisse AG, London Branch
Issue:	Accelerated barrier notes
Underlyings:	Euro Stoxx 50 index and the iShares MSCI EAFE ETF
Amount:	$605,000
Maturity:	Nov. 5, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	If each component gains, par plus 155% of worst performing return; if worst performing component falls by up to 50%, par; otherwise, full exposure to any losses of worst performing component
Initial index levels:	3,113.32 for Euro Stoxx and $63.95 for EAFE fund
Knock-in levels:	1,556.66 for Euro Stoxx and $31.975 for EAFE fund; 50% of initial levels
Pricing date:	Oct. 31
Settlement date:	Nov. 5
Underwriter:	Credit Suisse Securities (USA) LLC
Fees:	1.6%
Cusip:	22547QU20

© 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.