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 12/16/2016 in the Prospect News Structured Products Daily.

New Issue: Credit Suisse prices $1.4 million Bares linked to iShares MSCI EAFE

By Wendy Van Sickle

Columbus, Ohio, Dec. 16 – Credit Suisse AG, London Branch priced $1.4 million of 0% Buffered Accelerated Return Equity Securities due March 16, 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 250% of the ETF return, subject to a maximum return of 19.8%. Investors will receive par if the ETF falls by up to 5% and lose 1 for every 1% decline in the ETF beyond 5%.

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:$1,402,000
Maturity:March 16, 2018
Coupon:0%
Price:Par
Payout at maturity:If ETF return is positive, par plus 250% of ETF return, up to 19.8% maximum return; par if ETF falls by up to 5%; 1 loss for every 1% decline in ETF beyond 5%
Initial share price:$59.09
Pricing date:Dec. 13
Settlement date:Dec. 16
Underwriter:Credit Suisse Securities (USA) LLC
Fees:0.5%
Cusip:22548QQA6

© 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.