New Issue: Credit Suisse prices $1.24 million of 0% Bares tied to S&P 500, iShares MSCI EAFE fund

By Jennifer Chiou

New York, Nov. 22 - Credit Suisse AG, Nassau Branch priced $1.24 million of 0% Buffered Accelerated Return Equity Securities due Nov. 25, 2016 linked to the S&P 500 index with an 80% weight and the iShares MSCI EAFE index fund with a 20% weight, according to an FWP with the Securities and Exchange Commission.

If the final basket level is greater than or equal to the initial level, the payout at maturity will be par plus 138.5% of the return.

Investors will receive par for losses up to 20% and will share in any losses beyond the buffer.

Credit Suisse Securities (USA) LLC is the underwriter.

Issuer:	Credit Suisse AG, Nassau Branch
Issue:	Buffered Accelerated Return Equity Securities
Underlying assets:	S&P 500 index (80% weight) and iShares MSCI EAFE index fund (20% weight)
Amount:	$1,235,000
Maturity:	Nov. 25, 2016
Coupon:	0%
Price:	Par
Payout at maturity:	If final basket level is greater than or equal to the initial level, par plus 138.5% of gain; par for losses up to 20%; investors share in losses beyond 20%
Initial levels:	1,192.98 for index; $48.15 for fund
Pricing date:	Nov. 21
Settlement date:	Nov. 25
Underwriter:	Credit Suisse Securities (USA) LLC
Fees:	3%
Cusip:	22546THK0

© 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.