New Issue: Credit Suisse prices $1.91 million absolute return buffered notes on Stoxx, ETF

By Sarah Lizee

Olympia, Wash., Jan. 17 – Credit Suisse AG, London Branch priced $1.91 million of 0% absolute return buffered securities due July 20, 2020 linked to the worse performing of the Euro Stoxx 50 index and the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

If each underlying finishes at or above its initial level, the payout at maturity will be par plus 154.5% of the return of the lesser performing underlying.

If the lesser performing underlying falls by up to 15%, the payout will be par plus the absolute value of the return of the lesser performing underlying.

If the lesser performing underlying falls by more than 15%, investors will lose 1% for every 1% decline of the lesser performing underlying beyond 15%.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Absolute return buffered securities
Underlyings:	Euro Stoxx 50 index, iShares MSCI EAFE ETF
Amount:	$1,907,000
Maturity:	July 20, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If each underlying finishes at or above its initial level, par plus 154.5% of the return of the lesser performing underlying; if the lesser performing underlying falls by up to 15%, par plus the absolute value of the return of the lesser performing underlying; otherwise, 1% loss for every 1% decline of the lesser performing underlying beyond 15%
Initial levels:	3,068.05 for index, $61.07 for ETF
Pricing date:	Jan. 15
Settlement date:	Jan. 18
Agent:	Credit Suisse Securities (USA) LLC
Fees:	0.6%
Cusip:	22551LT75

© 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.