New Issue: Credit Suisse sells $1 million buffered return equity notes on EM ETF, S&P basket

By Marisa Wong

Morgantown, W.Va., Feb. 23 – Credit Suisse AG, London Branch priced $1 million of 0% buffered return equity securities due Feb. 18, 2022 linked to a weighted basket of the S&P 500 index and the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The index has a 75% weight, and the ETF has a 25% weight.

If the basket gains or finishes flat, the payout at maturity will be par plus the basket return, capped at 40%. If the basket declines by 33.5% or less, the payout will be par. Otherwise, investors will lose 1% for every 1% decline beyond 33.5%.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Buffered return equity securities
Underlying basket:	S&P 500 index (75% weight), iShares MSCI Emerging Markets ETF (25% weight)
Amount:	$1 million
Maturity:	Feb. 18, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If the basket gains or finishes flat, par plus the basket return, capped at 40%; if the basket declines by 33.5% or less, par; otherwise, 1% loss for every 1% decline beyond 33.5%
Initial levels:	$48.70 for ETF, 2,698.63 for index
Strike date:	Feb. 14
Pricing date:	Feb. 15
Settlement date:	Feb. 21
Agent:	Credit Suisse Securities (USA) LLC
Fees:	1%
Cusip:	22550WER4

© 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.