By Wendy Van Sickle
Columbus, Ohio, April 5 – Credit Suisse AG, London Branch priced $1.94 million of 0% buffered accelerated return equity securities due May 4, 2020 linked to the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the fund return is positive, the payout at maturity will be par plus 200% of the fund return, capped at par plus 12%.
Investors will receive par if the fund falls by 10% or less and will lose 1% for every 1% decline beyond 10%.
Credit Suisse Securities (USA) LLC is the agent.
Issuer: | Credit Suisse AG, London Branch
|
Issue: | Buffered accelerated return equity securities
|
Underlying fund: | iShares MSCI Emerging Markets ETF
|
Amount: | $1.94 million
|
Maturity: | May 4, 2020
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If fund return is positive, par plus 200% of the fund return capped at par plus 12%; par if fund falls by 10% or less; 1% loss for every 1% decline beyond 10%
|
Initial level: | $42.92
|
Buffer level: | $38.628, 90% of initial level
|
Pricing date: | March 29
|
Settlement date: | April 3
|
Underwriter: | Credit Suisse Securities (USA) LLC
|
Fees: | 0.68%
|
Cusip: | 22551LZP8
|
|
© 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.