E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 11/26/2014 in the Prospect News Structured Products Daily.

New Issue: Credit Suisse prices $3.07 million Bares on iShares MSCI EAFE ETF

New York, Nov. 26 – Credit Suisse AG, London Branch priced $3,068,000 of 0% Buffered Accelerated Return Equity Securities due Nov. 30, 2016 tied to the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the return of the ETF is flat or positive, the payout at maturity will be par plus 150% of the return capped at 35%.

If the fund falls by up to 10%, the payout will be par. And if it falls by more than 10%, investors will lose 1.1111% for every 1% decline beyond the buffer.

Credit Suisse Securities (USA) LLC is the underwriter.

Issuer:Credit Suisse AG, London Branch
Issue:Buffered Accelerated Return Equity Securities
Underlying fund: iShares MSCI EAFE ETF
Amount:$3,068,000
Maturity:Nov. 30, 2016
Coupon:0%
Price:Par
Payout at maturity:If return of the ETF is flat or positive, par plus 150% of the return capped at a maximum payout of 35%; if the ETF falls by 10% or less, par; otherwise, 1.1111% loss for every 1% decline of ETF beyond buffer
Initial level:$64.15
Pricing date:Nov. 24
Settlement date:Nov. 28
Underwriters:Credit Suisse Securities (USA) LLC
Fees:0.25%
Cusip:22547QWW2

© 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.