Published on 8/6/2013 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $4.28 million leveraged buffered notes linked to MSCI EAFE
By Toni Weeks
San Luis Obispo, Calif., Aug. 6 - Credit Suisse AG, London Branch priced $4.28 million of 0% leveraged buffered index-linked notes due Nov. 14, 2014 tied to the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 1.4 times the index return, subject to a maximum payment of $1,157.50 per $1,000 principal amount of notes.
Investors will receive par if the index falls by up to 10% and will lose 1.1111% for every 1% index decline beyond the 10% buffer.
Credit Suisse Securities (USA) LLC is the agent.
Issuer: | Credit Suisse AG, London Branch
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Issue: | Leveraged buffered notes
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Underlying index: | MSCI EAFE
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Amount: | $4,277,000
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Maturity: | Nov. 14, 2014
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 140% of any index gain, capped at 15.75%; par if index falls by up to 10%; 1.1111% loss for every 1% index decline beyond 10% buffer
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Initial level: | 1,763.27
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Buffer level: | 92.5% of initial level
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Pricing date: | Aug. 2
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Settlement date: | Aug. 9
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Underwriter: | Credit Suisse Securities (USA) LLC
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Fees: | 1.75%
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Cusip: | 22547Q6R2
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