New Issue: Credit Suisse prices $1.91 million three-year Bares linked to gold, silver trusts

By Wendy Van Sickle

Columbus, Ohio, July 27 – Credit Suisse AG, London Branch priced $1.91 million of 0% Buffered Accelerated Return Equity Securities due July 29, 2019 linked to the SPDR Gold trust and the iShares Silver trust, according to a 424B2 filing with the Securities and Exchange Commission.

If the return of each trust is positive, the payout at maturity will be par plus the upside participation rate of 150%, multiplied by the return of the lower performing trust, subject to the underlying return cap of 77.5%. Investors will receive par if the lower performing fund declines by 15% or less and will lose 1% for each 1% that it declines beyond 15%.

Credit Suisse Securities (USA) LLC is the underwriter.

Issuer:	Credit Suisse AG, London Branch
Issue:	Buffered Accelerated Return Equity Securities
Underlying trusts:	SPDR Gold trust and iShares Silver trust
Amount:	$1.91 million
Maturity:	July 29, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 150% of any gain of lower performing trust, capped at 77.5%; if lower performing trust falls by up to 15%, par; otherwise, 1% loss for each 1% lower performing trust falls beyond 15%
Initial levels:	$126.35 for gold, $18.67 for silver
Pricing date:	July 22
Settlement date:	July 29
Agent:	Credit Suisse Securities (USA) LLC
Fees:	2.8%
Cusip:	22548QCG8

© 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.