New Issue: Credit Suisse sells $2.41 million Bares linked to iShares MSCI EM ETF

By Marisa Wong

Morgantown, W.Va., June 1 – Credit Suisse AG, London Branch priced $2.41 million of 0% buffered accelerated return equity securities due Nov. 29, 2018 linked 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 250% of the ETF return, subject to a maximum return of 19%. Investors will receive par if the ETF falls by up to 5% and lose 1% for every 1% decline in the ETF beyond 5%.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Buffered accelerated return equity securities
Underlying ETF:	iShares MSCI Emerging Markets ETF
Amount:	$2,412,000
Maturity:	Nov. 29, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	If the ETF return is positive, par plus 250% of the ETF return, subject to a maximum return of 19%; par if the ETF falls by up to 5%; 1% loss for every 1% decline in the ETF beyond 5%
Initial price:	$41.39
Buffer level:	$39.3205, 95% of initial price
Pricing date:	May 24
Settlement date:	May 30
Agent:	Credit Suisse Securities (USA) LLC
Fees:	0.6%
Cusip:	22550B4R1

© 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.