By Toni Weeks
San Luis Obispo, Calif., June 5 - Credit Suisse AG, Nassau Branch priced $2.16 million of 0% leveraged buffered notes due June 8, 2015 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 1.5 times any index gain, up to a maximum settlement amount of $1,232.50 per $1,000 principal amount.
Investors will receive par if the index falls by 7.5% or less.
If the index falls by more than 7.5%, investors will lose about 1.0811% for every 1% decline beyond the 7.5% buffer.
Credit Suisse Securities (USA) LLC is the underwriter.
| Issuer: | Credit Suisse AG, Nassau Branch
|
| Issue: | Leveraged buffered notes
|
| Underlying index: | MSCI EAFE
|
| Amount: | $2,155,000
|
| Maturity: | June 8, 2015
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 150% of any index gain, capped at 23.25%; par if index falls by up to 7.5%; if return is below negative 7.5%, par times (a) the quotient of the initial level divided by 92.5% times (b) the sum of the return plus 7.5%
|
| Initial level: | 1,693.12
|
| Buffer level: | 92.5% of initial level
|
| Pricing date: | June 3
|
| Settlement date: | June 10
|
| Underwriter: | Credit Suisse Securities (USA) LLC
|
| Fees: | 1.75%
|
| Cusip: | 22547Q2W5
|
© 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.
