Published on 7/29/2014 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $3.37 million leveraged buffered notes linked to MSCI EAFE
By Angela McDaniels
Tacoma, Wash., July 29 – Credit Suisse AG, London Branch priced $3.37 million of 0% leveraged buffered notes due Sept. 29, 2016 linked 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 140% of the index return, subject to a maximum settlement amount of $1,273 per $1,000 principal amount of notes. Investors will receive par if the index declines by 12.5% or less and will lose 1.14288% for every 1% that the index declines beyond 12.5%.
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: | $3,371,000
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Maturity: | Sept. 29, 2016
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index return is positive, par plus 140% of index return, subject to maximum settlement amount of $1,273 per $1,000 principal amount of notes; par if index declines by 12.5% or less; 1.14288% loss for every 1% that index declines beyond 12.5%
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Initial index level: | 1,959.94
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Pricing date: | July 25
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Settlement date: | Aug. 1
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Agent: | Credit Suisse Securities (USA) LLC
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Fees: | None
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Cusip: | 22547QQY5
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