E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 11/5/2012 in the Prospect News Structured Products Daily.

New Issue: Credit Suisse sells $75,000 buffered enhanced participation securities on MSCI EAFE

By Toni Weeks

San Diego, Nov. 5 - Credit Suisse AG, Nassau Branch priced $75,000 of 0% buffered enhanced participation equity securities due Nov. 6, 2014 linked to the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 150% of any index gain, up to a maximum return of 29%.

Investors will receive par if the index falls by up to 10% and will lose 1.1111% for every 1% decline beyond 10%.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:Credit Suisse AG, Nassau Branch
Issue:Buffered enhanced participation equity securities
Underlying index:MSCI EAFE
Amount:$75,000
Maturity:Nov. 6, 2014
Coupon:0%
Price:Par
Payout at maturity:Par plus 150% of any index gain, capped at 29%; par if index falls by 10% or less; 1.1111% loss for every 1% decline beyond 10%
Initial index level:1,531.52
Pricing dates:Nov. 1
Settlement date:Nov. 8
Underwriter:Credit Suisse Securities (USA) LLC
Fees:2.15%
Cusip:22546TF71

© 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.