Published on 10/29/2015 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $346,000 leveraged buffered notes linked to MSCI EAFE
By Angela McDaniels
Tacoma, Wash., Oct. 29 – Credit Suisse AG, London Branch priced $346,000 of 0% leveraged buffered notes due Oct. 31, 2017 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 160% of the gain, subject to a maximum settlement amount of $1,304 for each $1,000 principal amount of notes. Investors will receive par if the index falls by up to 12.5% and lose 1.1429% for every 1% that the index declines beyond 12.5%.
Credit Suisse Securities (USA) LLC is the underwriter.
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: | $346,000
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Maturity: | Oct. 31, 2017
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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 160% of index return, up to 30.4% maximum return; par if index falls by 12.5% or less; 1.1429% loss for every 1% decline in index beyond 12.5%
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Initial index level: | 1,779.25
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Pricing date: | Oct. 26
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Settlement date: | Nov. 2
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Underwriter: | Credit Suisse Securities (USA) LLC
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Fees: | None
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Cusip: | 22546VNY8
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