Credit Suisse to price Bares linked to iShares MSCI Brazil index fund

By Angela McDaniels

Tacoma, Wash., Sept. 14 - Credit Suisse AG, Nassau Branch plans to price 0% Buffered Accelerated Return Equity Securities due Sept. 24, 2012 linked to the iShares MSCI Brazil index fund, according to an FWP filing with the Securities and Exchange Commission.

If the exchange-traded fund's final share price is greater than the initial share price, the payout at maturity will be par plus 160% to 180% of the gain, subject to a maximum return of 40% to 45%. Investors will receive par if the share price declines by 20% or less and will lose 1% for every 1% that it declines beyond 20%.

The exact participation rate and cap will be set at pricing.

The notes (Cusip: 22546EZP2) are expected to price Oct. 12 and settle Oct. 15.

Credit Suisse Securities (USA) LLC is the underwriter.

© 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.