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 12/13/2018 in the Prospect News Structured Products Daily.

New Issue: Credit Suisse prices $2.44 million Ares linked to index fund, index basket

By Wendy Van Sickle

Columbus, Ohio, Dec. 13 – Credit Suisse AG, London Branch priced $2.44 million of 0% Accelerated Return Equity Securities due Dec. 14, 2023 linked to an index and fund basket, according to a 424B2 filing with the Securities and Exchange Commission.

The basket includes the S&P 500 index with a 50% weight, the iShares MSCI Emerging Markets ETF with a 25% weight and the Russell 2000 index with a 25% weight.

The payout at maturity will be par plus 157% of any basket increase. Investors will be fully exposed to any decline in the share price.

Credit Suisse International is the agent.

Issuer:Credit Suisse AG, London Branch
Issue:Accelerated Return Equity Securities
Underlying basket:S&P 500 index (50% weight), iShares MSCI Emerging Markets ETF (25% weight), Russell 2000 index (25% weight)
Amount:$2,435,000
Maturity:Dec. 14, 2023
Coupon:0%
Price:Par
Payout at maturity:Par plus 157% of any basket increase; full exposure to any decline
Initial levels:2,637.72 for S&P 500, $39.46 for iShares MSCI Emerging Markets, 1,443.095 for Russell 2000
Pricing date:Dec. 10
Settlement date:Dec. 13
Agent:Credit Suisse International
Fees:None
Cusip:22551LL40

© 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.