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 8/29/2014 in the Prospect News Structured Products Daily.

New Issue: Credit Suisse prices $592,000 Bares linked to Russell 2000

By Angela McDaniels

Tacoma, Wash., Aug. 29 – Credit Suisse AG, London Branch priced $592,000 of 0% Buffered Accelerated Return Equity Securities due Feb. 28, 2018 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is greater than or equal to its initial level, the payout at maturity will be par plus 20%. If the index’s final level is less than its initial level by not more than 20%, the payout will be par. Otherwise, investors will lose 1% for every 1% that the index declines 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:$592,000
Maturity:Feb. 28, 2018
Coupon:0%
Price:Par
Payout at maturity:If final index level is greater than or equal to initial level, par plus 20%; if index’s final level is less than initial level by not more than 20%, par; otherwise, 1% loss for every 1% that index declines beyond 20%
Initial index level:1,172.71
Pricing date:Aug. 27
Settlement date:Aug. 29
Underwriter:Credit Suisse Securities (USA) LLC
Fees:2.8%
Cusip:22547QRM0

© 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.