New Issue: Credit Suisse sells $4.95 million 15-month Bares tied to iShares EAFE

By Marisa Wong

Morgantown, W.Va., Oct. 26 – Credit Suisse AG, London Branch priced $4.95 million of 0% Buffered Accelerated Return Equity Securities due Jan. 23, 2020 tied 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, capped at par plus 13%. 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 ETF
Amount:	$4.95 million
Maturity:	Jan. 23, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If ETF return is positive, par plus 150% of the ETF return, capped at par plus 13%; par if ETF falls by up to 20%; 1.25% loss for every 1% decline in the ETF beyond 20%
Initial price:	$64.79
Buffer level:	$51.832, 80% of initial price
Pricing date:	Oct. 17
Settlement date:	Oct. 22
Agent:	Credit Suisse Securities (USA) LLC
Fees:	None
Cusip:	22551LGL8

© 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.