Published on 3/24/2015 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $6.25 million leveraged buffered notes linked to index basket
By Angela McDaniels
Tacoma, Wash., March 24 – Credit Suisse AG, London Branch priced $6.25 million of 0% leveraged buffered notes due July 27, 2016 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the Euro Stoxx 50 index with a 37% weight, the FTSE 100 index with a 23% weight, the Topix index with a 23% weight, the Swiss Market index with a 9% weight and the S&P/ASX 200 index with an 8% weight.
If the basket return is positive, the payout at maturity will be par plus 130% of the basket return, subject to a maximum settlement amount of $1,176.80 per $1,000 principal amount of notes. Investors will receive par if the basket declines by 10% or less and will lose 1.11111% for every 1% that it declines beyond 10%.
Credit Suisse Securities (USA) LLC is the agent.
| Issuer: | Credit Suisse AG, London Branch
|
| Issue: | Leveraged buffered notes
|
| Underlying indexes: | Euro Stoxx 50 (37% weight), FTSE 100 (23% weight), Topix (23% weight), Swiss Market (9% weight) and S&P/ASX 200 (8% weight)
|
| Amount: | $6,247,000
|
| Maturity: | July 27, 2016
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If basket return is positive, par plus 130% of basket return, subject to maximum settlement amount of $1,176.80 per $1,000 principal amount of notes; par if basket declines by 10% or less; 1.11111% loss for every 1% that basket declines beyond 10%
|
| Initial index levels: | 3,726.07 for Euro Stoxx 50, 7,022.51 for FTSE 100, 1,580.51 for Topix, 9,396.29 for Swiss Market and 5,975.491 for S&P/ASX 200
|
| Pricing date: | March 20
|
| Settlement date: | March 27
|
| Agent: | Credit Suisse Securities (USA) LLC
|
| Fees: | None
|
| Cusip: | 22546V7E0
|
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