Published on 11/1/2016 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $2 million Bares linked to iShares MSCI EAFE
By Angela McDaniels
Tacoma, Wash., Nov. 1 – Credit Suisse AG, London Branch priced $2 million of 0% Buffered Accelerated Return Equity Securities due March 30, 2018 linked to the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the ETF return is positive, the payout at maturity will be par plus 150% of the ETF return, subject to a maximum return of 15%. Investors will receive par if the ETF falls by up to 20% and lose 1.25% for every 1% decline in the ETF beyond 20%.
Credit Suisse Securities (USA) LLC is the underwriter.
Issuer: | Credit Suisse AG, London Branch
|
Issue: | Buffered Accelerated Return Equity Securities
|
Underlying ETF: | iShares MSCI EAFE
|
Amount: | $2 million
|
Maturity: | March 30, 2018
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If ETF return is positive, par plus 150% of ETF return, up to 15% maximum return; par if ETF falls by up to 20%; 1.25% loss for every 1% decline in ETF beyond 20%
|
Initial share price: | $57.88
|
Pricing date: | Oct. 27
|
Settlement date: | Nov. 1
|
Underwriter: | Credit Suisse Securities (USA) LLC
|
Fees: | None
|
Cusip: | 22548QME2
|
© 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.