Published on 8/27/2013 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $1.7 million accelerated barrier notes linked to iShares MSCI EM
By Angela McDaniels
Tacoma, Wash., Aug. 27 - Credit Suisse AG, Nassau Branch priced $1.7 million of 0% accelerated barrier notes due Aug. 30, 2018 linked to the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the final share price is greater than or equal to the initial share price, the payout at maturity will be par plus 137% of the ETF return. Investors will receive par if the ETF falls by less than 20% and will be fully exposed to losses from the initial share price if the ETF falls by 20% or more.
Credit Suisse Securities (USA) LLC is the underwriter.
Issuer: | Credit Suisse AG, Nassau Branch
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Issue: | Accelerated barrier notes
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Underlying ETF: | iShares MSCI Emerging Markets ETF
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Amount: | $1,698,000
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Maturity: | Aug. 30, 2018
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If ETF return is flat or positive, par plus 137% of ETF return; par if ETF falls by less than 20%; full exposure to decline if ETF falls by 20% or more
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Initial share price: | $38.65
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Knock-in level: | $30.92, 80% of initial share price
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Pricing date: | Aug. 23
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Settlement date: | Aug. 30
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Underwriters: | Credit Suisse Securities (USA) LLC
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Fees: | 2.75%
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Cusip: | 22547Q7A8
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