Published on 7/30/2013 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $426,000 Bares linked to S&P 500, Russell 2000
By Susanna Moon
Chicago, July 30 - Credit Suisse AG, London Branch priced $426,000 of 0% Buffered Accelerated Return Equity Securities due July 30, 2015 tied to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the worse performing index finishes above its initial level, the payout at maturity will be par plus the fixed return of 15%.
Investors will receive par if the worse performing index falls by up to 10% and lose 1% for every 1% decline beyond 10%.
Credit Suisse Securities (USA) LLC is the underwriter.
Issuer: | Credit Suisse AG, London Branch
|
Issue: | Buffered Accelerated Return Equity Securities
|
Underlying indexes: | S&P 500, Russell 2000
|
Amount: | $426,000
|
Maturity: | July 30, 2015
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If worse performing index gains, par plus 15%; par if worse performing index falls by up to 10%; 1% loss for every 1% drop beyond 10%
|
Initial index levels: | 1,685.33 for S&P, 1,048.51 for Russell
|
Pricing date: | July 29
|
Settlement date: | July 31
|
Underwriters: | Credit Suisse Securities (USA) LLC
|
Fees: | 2.25%
|
Cusip: | 22547Q5C6
|
© 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.