E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 11/18/2015 in the Prospect News Structured Products Daily.

Credit Suisse plans to price Bares linked to MSCI EAFE index

By Marisa Wong

Morgantown, W.Va., Nov. 18 – Credit Suisse AG, London Branch plans to price 0% Buffered Accelerated Return Equity Securities due Nov. 25, 2020 linked to the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes at or above the initial level, the payout at maturity will be par plus 163% to 173% of the index return. The exact upside participation rate will be set at pricing. Investors will receive par if the index falls by 40% or less and will lose 1.6667% for every 1% that the index declines beyond 40%.

Credit Suisse Securities (USA) LLC is the underwriter.

The notes will price on Nov. 20 and settle on Nov. 25.

The Cusip number is 22546VQA7.


© 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.