Published on 6/26/2015 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $4.57 million buffered return autocallables linked to EAFE ETF, Russell
By Angela McDaniels
Tacoma, Wash., June 26 – Credit Suisse AG, London Branch priced $4.57 million of 0% autocallable buffered return equity securities due Dec. 29, 2016 linked to the Russell 2000 index and the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be automatically called at par plus 10.85% per year if both underlying components close at or above their respective initial levels on Dec. 23, 2015, June 24, 2016 or Dec. 23, 2016.
If the notes are not called and the worse-performing underlying component declines by no more than 20%, the payout will be par. Otherwise, investors will lose 1.25% for every 1% that the worse-performing underlying component declines beyond 20%.
Credit Suisse Securities (USA) LLC is the agent.
| Issuer: | Credit Suisse AG, London Branch
|
| Issue: | Autocallable buffered return equity securities
|
| Underlying components: | Russell 2000 index and iShares MSCI EAFE ETF
|
| Amount: | $4,567,000
|
| Maturity: | Dec. 29, 2016
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par if worse-performing underlying component declines by no more than 20%; otherwise, 1.25% loss for every 1% that worse-performing underlying component declines beyond 20%
|
| Call: | Automatically at par plus 10.85% per year if both underlying components close at or above their respective initial levels on Dec. 23, 2015, June 24, 2016 or Dec. 23, 2016
|
| Initial levels: | 1,295.799 for index and $67.49 for ETF
|
| Pricing date: | June 24
|
| Settlement date: | June 29
|
| Agent: | Credit Suisse Securities (USA) LLC
|
| Fees: | 0.4%
|
| Cusip: | 22546VG26
|
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