New Issue: Credit Suisse sells $1.5 million accelerated barrier notes on index, ETF

By Kiku Steinfeld

Chicago, March 14 – Credit Suisse AG, London Branch priced $1.5 million of 0% accelerated barrier notes due Sept. 22, 2026 linked to the lowest performing of the iShares MSCI Emerging Markets ETF and the Stoxx Europe 600 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each asset finishes at or above its initial level, the payout at maturity will be par plus 196% of the return of the lesser performing asset.

If either asset falls but neither finishes below its 60% knock-in level, the payout will be par.

Otherwise, investors will be fully exposed to the decline of the lesser performing asset.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Accelerated barrier notes
Underlying assets:	iShares MSCI Emerging Markets ETF and Stoxx Europe 600 index
Amount:	$1.5 million
Maturity:	Sept. 22, 2026
Coupon:	0%
Price:	Par
Payout at maturity:	If lesser performing asset finishes at or above its initial price, par plus 196% of that asset’s return; if lesser performing asset falls by up to 40%, par; otherwise, full exposure to decline of lesser performing asset
Initial prices:	$51.37 for EM, 461.84 for index
Knock-in prices:	$30.822 for EM, 277.104 for index, 60% of initial prices
Pricing date:	Sept. 17
Settlement date:	Sept. 21
Agent:	Credit Suisse Securities (USA) LLC
Fees:	4.5%
Cusip:	22552XVV2

© 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.