Published on 5/29/2014 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $293,000 Bares linked to Russell
New York, May 29 - Credit Suisse AG, London Branch priced $293,000 of 0% Buffered Accelerated Return Equity Securities due Nov. 30, 2017 tied to the Russell 2000 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 21%. Investors will receive par if the index falls by up to 20% and lose 1% for every 1% decline in the index beyond 20%.
Credit Suisse Securities (USA) LLC is the underwriter.
Issuer: | Credit Suisse AG, London Branch
|
Issue: | Buffered Accelerated Return Equity Securities
|
Underlying index: | Russell 2000
|
Amount: | $293,000
|
Maturity: | Nov. 30, 2017
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If index return is positive, par plus 21%; par if index falls by up to 20%; 1% loss for every 1% decline in the index beyond 20%
|
Initial index level: | 1,136.68
|
Pricing date: | May 28
|
Settlement date: | May 30
|
Underwriters: | Credit Suisse Securities (USA) LLC
|
Fees: | 2.25%
|
Cusip: | 22547QMZ6
|
© 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.