Published on 5/21/2015 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $1 million Bares linked to Euro Stoxx 50
By Angela McDaniels
Tacoma, Wash., May 21 – Credit Suisse AG, London Branch priced $1 million of 0% Buffered Accelerated Return Equity Securities due May 26, 2017 linked to the Euro Stoxx 50, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 125% of the index return, subject to a maximum return of 28.5%. Investors will receive par if the index falls by up to 15% and lose 1.1765% for every 1% decline in the index beyond 15%.
Credit Suisse Securities (USA) LLC is the underwriter.
Issuer: | Credit Suisse AG, London Branch
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Issue: | Buffered Accelerated Return Equity Securities
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Underlying index: | Euro Stoxx 50
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Amount: | $1 million
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Maturity: | May 26, 2017
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index return is positive, par plus 125% of index return, up to 28.5% maximum return; par if index falls by up to 15%; 1.1765% loss for every 1% decline in index beyond 15%
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Initial index level: | 3,670.52
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Pricing date: | May 19
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Settlement date: | May 26
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Underwriter: | Credit Suisse Securities (USA) LLC
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Fees: | 0.56%
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Cusip: | 22546VDY9
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