Published on 6/9/2015 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse sells $11.99 million leveraged notes tied to index basket
By Marisa Wong
Madison, Wis., June 9 – Credit Suisse AG, London Branch priced $11.99 million of 0% leveraged notes due July 7, 2017 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the Euro Stoxx 50 index with a 37% weight, the FTSE 100 index with a 23% weight, the Topix index with a 23% weight, the Swiss Market index with a 9% weight and the S&P/ASX 200 index with an 8% weight.
If the basket return is positive, the payout at maturity will be par plus triple the basket return, subject to a maximum payout of $1,295.50 per $1,000 principal amount of notes.
Investors will be fully exposed to any basket decline.
Credit Suisse Securities (USA) LLC is the agent.
Issuer: | Credit Suisse AG, London Branch
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Issue: | Leveraged basket-linked notes
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Underlying indexes: | Euro Stoxx 50 (37% weight), FTSE 100 (23% weight), Topix (23% weight), Swiss Market (9% weight) and S&P/ASX 200 (8% weight)
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Amount: | $11,993,000
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Maturity: | July 7, 2017
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If basket return is positive, par plus 3 times the basket return, return capped at 29.55%; full exposure to losses
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Initial index levels: | 3,510.01 for Euro Stoxx, 6,804.60 for FTSE, 1,667.06 for Topix, 9,105.02 for Swiss Market and 5,498.457 for S&P/ASX 200
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Pricing date: | June 5
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Settlement date: | June 12
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Agent: | Credit Suisse Securities (USA) LLC
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Fees: | 2%
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Cusip: | 22546VEQ5
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