Published on 6/1/2016 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $6.9 million Leveraged Index Return Notes linked to MSCI EAFE
By Wendy Van Sickle
Columbus, Ohio, June 1 – Credit Suisse AG, London Branch priced $6.9 million of 0% Leveraged Index Return Notes due May 28, 2021 linked to the MSCI EAFE index, according to a 424B5 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par of $10 plus 174% of the index return. Full exposure to any decline in the index.
BofA Merrill Lynch is the underwriter.
| Issuer: | Credit Suisse AG, London Branch
|
| Issue: | Leveraged Index Return Notes
|
| Underlying index: | MSCI EAFE
|
| Amount: | $6,900,350
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| Maturity: | May 28, 2021
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| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 174% of any index gain; full exposure to loss
|
| Initial level: | 1,669.84
|
| Pricing date: | May 26
|
| Settlement date: | June 3
|
| Agent: | BofA Merrill Lynch
|
| Fees: | 2.5%
|
| Cusip: | 22547V816
|
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