New Issue: Credit Suisse sells $464,000 Bares tied to iShares Emerging Markets

By Wendy Van Sickle

Columbus, Ohio, Oct. 7 – Credit Suisse AG, London Branch priced $464,000 of 0% Buffered Accelerated Return Equity Securities due Nov. 4, 2020 tied to the iShares MSCI Emerging Markets 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 200% of the ETF return, capped at par plus 11.5%. Investors will receive par if the ETF falls by up to 10% and lose 1% for every 1% decline in the ETF beyond 10%.

Credit Suisse Securities (USA) LLC is the underwriter.

Issuer:	Credit Suisse AG, London Branch
Issue:	Buffered Accelerated Return Equity Securities
Underlying ETF:	iShares MSCI Emerging Markets ETF
Amount:	$464,000
Maturity:	Nov. 4, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If ETF return is positive, par plus 200% of the ETF return, capped at par plus 11.5%; par if ETF falls by up to 10%; 1% loss for every 1% decline in the ETF beyond 10%
Initial price:	$40.87
Buffer level:	$36.783, 90% of initial price
Pricing date:	Sept. 30
Settlement date:	Oct. 3
Agent:	Credit Suisse Securities (USA) LLC
Fees:	0.68%
Cusip:	22552FUT7

© 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.