New Issue: Credit Suisse sells $1.4 million Bares on basket of index, two ETFs

By Marisa Wong

Morgantown, W.Va., April 2 – Credit Suisse AG, London Branch priced $1.4 million of 0% Buffered Accelerated Return Equity Securities due March 31, 2022 tied to a basket of one index and two exchange-traded funds, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of the S&P 500 index with a 60% weight, the iShares MSCI EAFE ETF with a 30% weight and the iShares MSCI Emerging Markets ETF with a 10% weight.

If the basket return is zero or positive, the payout at maturity will be par plus 132.85% of the basket return. Investors will receive par if the basket falls by up to 10% and lose 1% for every 1% decline in the ETF beyond 10%.

Credit Suisse Securities (USA) LLC is the underwriter.

Issuer:	Credit Suisse AG, London Branch
Issue:	Buffered Accelerated Return Equity Securities
Underlying basket:	S&P 500 index with a 60% weight, iShares MSCI EAFE ETF with a 30% weight and iShares MSCI Emerging Markets ETF with a 10% weight
Amount:	$1.4 million
Maturity:	March 31, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If basket return is zero or positive, par plus 132.85% of the basket return; par if the basket falls by up to 10%; 1% loss for every 1% decline in the ETF beyond 10%
Initial values:	2,588.26 for S&P, $67.94 for EAFE, $46.89 for EM
Pricing date:	March 23
Settlement date:	March 28
Agent:	Credit Suisse Securities (USA) LLC
Fees:	0.25%
Cusip:	22550WM53

© 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.