Published on 12/3/2013 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $227,000 callable Bares linked to iShares MSCI EM
By Angela McDaniels
Tacoma, Wash., Dec. 3 - Credit Suisse AG, London Branch priced $227,000 of 0% callable Buffered Accelerated Return Equity Securities due Dec. 3, 2015 linked to the iShares MSCI Emerging Markets index fund, according to a 424B2 filing with the Securities and Exchange Commission.
The issuer may redeem the notes at 110% of par on Dec. 8, 2014.
If the ETF return is positive, the payout at maturity will be par plus 110% of the ETF return. 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
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Issue: | Callable Buffered Accelerated Return Equity Securities
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Underlying ETF: | iShares MSCI Emerging Markets index fund
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Amount: | $227,000
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Maturity: | Dec. 3, 2015
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If ETF return is positive, par plus 110% of ETF return; par if ETF falls by up to 10%; 1% loss for every 1% decline in ETF beyond 10%
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Call option: | At 110% of par on Dec. 8, 2014
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Initial share price: | $41.97
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Pricing date: | Nov. 27
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Settlement date: | Dec. 3
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Underwriters: | Credit Suisse Securities (USA) LLC
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Fees: | 0.25%
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Cusip: | 22547QCX2 |
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