Published on 7/1/2016 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $3.57 million 5.35% coupon buffered notes tied to index, fund
By Susanna Moon
Chicago, July 1 – Credit Suisse AG, London Branch priced $3.57 million of 5.35% coupon buffered securities due Dec. 1, 2017 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.
Interest is payable monthly.
The payout at maturity will be par unless either component finishes below the 75% barrier level, in which case investors will lose 1.25% for each 1% decline of the worst performing component beyond 25%.
Credit Suisse Securities (USA) LLC is the agent.
Issuer: | Credit Suisse AG, London Branch
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Issue: | Coupon buffered securities
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Underlyings: | Russell 2000 index and the iShares MSCI EAFE ETF
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Amount: | $3.57 million
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Maturity: | Dec. 1, 2017
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Coupon: | 5.35%, payable monthly
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Price: | Par
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Payout at maturity: | Par unless worst performing component falls by more than 25%, in which case 1.25% loss per each 1% decline of worst performing component beyond 25%
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Initial levels: | 1,089.646 for Russell, $52.64 for EAFE fund
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Barrier levels: | 75% of initial levels
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Pricing date: | June 28
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Settlement date: | July 1
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Agent: | Credit Suisse Securities (USA) LLC
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Fees: | None
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Cusip: | 22548QBW4
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