Published on 8/3/2018 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse sells $2.70 million four-year Bares on iShares MSCI EM
By Marisa Wong
Morgantown, W.Va., Aug. 3 – Credit Suisse AG, London Branch priced $2,704,000 of 0% Buffered Accelerated Return Equity Securities due Aug. 3, 2022 tied 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 123% of the ETF return. Investors will receive par if the ETF falls by up to 20% and lose 1.25% for every 1% decline in the ETF beyond 20%.
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 ETF: | iShares MSCI Emerging Markets ETF
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Amount: | $2,704,000
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Maturity: | Aug. 3, 2022
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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 123% of the ETF return; par if ETF falls by up to 20%; 1.25% loss for every 1% decline in the ETF beyond 20%
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Initial price: | $44.86
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Buffer level: | $35.888, 80% of initial price
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Pricing date: | July 31
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Settlement date: | Aug. 3
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Agent: | Credit Suisse Securities (USA) LLC
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Fees: | None
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Cusip: | 22550BUV3
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