By Wendy Van Sickle
Columbus, Ohio, Sept. 7 – Credit Suisse AG, London Branch priced $565,000 of 0% absolute return digital barrier securities due Sept. 2, 2022 linked to the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the fund finishes at or above the initial level, the payout at maturity will be par plus the fixed return of 35.5%.
If the fund finishes at or above the 70% knock-in level, the payout will be par plus the absolute value of the return of the fund.
Otherwise, investors will be fully exposed to any losses.
Credit Suisse Securities (USA) LLC is the agent.
| Issuer: | Credit Suisse AG, London Branch
|
| Issue: | Absolute return digital barrier securities
|
| Underlying ETF: | iShares MSCI Emerging Markets
|
| Amount: | $565,000
|
| Maturity: | Sept. 2, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If fund gains, par plus 35.5%; if fund falls by up to the knock-in level, par plus absolute value of return; otherwise, 1% loss per 1% decline
|
| Initial level: | $42.95
|
| Knock-in level: | $30.065; 70% of initial level
|
| Pricing date: | Aug. 30
|
| Settlement date: | Sept. 6
|
| Agent: | Credit Suisse Securities (USA) LLC
|
| Fees: | 0.75%
|
| Cusip: | 22551L4R8
|
|
|
© 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.
