Published on 7/25/2014 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $2.34 million Bares linked to Vanguard REIT
New York, July 25 – Credit Suisse AG, London Branch priced $2.34 million of 0% Buffered Accelerated Return Equity Securities due July 28, 2016 tied to the Vanguard REIT ETF, according to a 424B2 filing with the Securities and Exchange Commission.
If the ETF return is positive, the payout at maturity will be par plus 175% of the ETF return. Investors will receive par if the ETF falls by up to 10% and lose 1.1111% 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 ETF: | Vanguard Reit ETF
|
Amount: | $2,337,000
|
Maturity: | July 28, 2016
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If ETF return is positive, par plus 175% of the ETF return; par if ETF falls by up to 10%; 1.1111% loss for every 1% decline in the ETF beyond 10%
|
Initial share price: | $76.66
|
Pricing date: | July 23
|
Settlement date: | July 28
|
Underwriter | Credit Suisse Securities (USA) LLC
|
Fees: | 0.25%
|
Cusip: | 22547QQT6
|
© 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.