Published on 8/11/2014 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $5.64 million leveraged notes tied to MSCI EAFE
By Marisa Wong
Madison, Wis., Aug. 11 – Credit Suisse AG, London Branch priced $5.64 million of 0% leveraged index-linked notes due Jan. 22, 2016 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 double the index gain, subject to a maximum payment of $1,226 per $1,000 principal amount of notes.
Investors will be fully exposed to any decline in the index.
Credit Suisse Securities (USA) LLC is the agent.
Issuer: | Credit Suisse AG, London Branch
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Issue: | Leveraged index-linked notes
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Underlying index: | MSCI EAFE
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Amount: | $5,643,000
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Maturity: | Jan. 22, 2016
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 200% of any index gain, capped at 22.6%; full exposure to losses
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Initial level: | 1,883.02
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Pricing date: | Aug. 7
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Settlement date: | Aug. 14
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Agent: | Credit Suisse Securities (USA) LLC
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Fees: | 1.12%
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Cusip: | 22547QRU2
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