New Issue: Credit Suisse sells $4.5 million coupon buffered notes on Russell, EAFE

By Marisa Wong

Morgantown, W.Va., Nov. 24 – Credit Suisse AG, London Branch priced $4.5 million of 5.45% coupon buffered securities due March 24, 2017 linked to the Russell 2000 index and the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

Interest will be payable monthly.

The payout at maturity will be par unless either component falls by more than 20%, in which case investors will lose 1.25% for every 1% decline of the worst performing component beyond 20%.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Coupon buffered securities
Underlying components:	Russell 2000 index, iShares MSCI EAFE ETF
Amount:	$4.5 million
Maturity:	March 24, 2017
Coupon:	5.45%, payable quarterly
Price:	Par
Payout at maturity:	Par unless worst performing component falls by more than 20%, in which case 1.25% loss per 1% decline of worst performing component beyond 20%
Initial levels:	1,171.75 for Russell, $60.75 for EAFE fund
Buffer:	20%
Pricing date:	Nov. 19
Settlement date:	Nov. 24
Agent:	Credit Suisse Securities (USA) LLC
Fees:	None
Cusip:	22546VQS8

© 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.