The Certificates are perpetual notes issued by Credit Suisse International, London.
The Certificates are linked to the performance of Schildershoven proprietary actively managed strategy (Index) for globally diversified high yield bond portfolio.
Daily liquidity of the Сertificates is guaranteed by by Credit Suisse International.
Investment in the Schildershoven actively managed strategy (Index) is available in 2 options:
Open End Tracker Notes – these notes enable the investor to participate in the performance of the Schildershoven Global Bonds Value Harvester Index
Open End Constant Leverage Notes – these notes enable the investor to participate in the 2x leveraged performance of the Index with the embedded funding cost at the rate of 3M USD Libor + 0.90% p.a.
|Issuer||Credit Suisse International, London (A1/A/A)|
|Lead Manager/Dealer||Credit Suisse International, London|
|Paying Agent||Bank of New York Mellon, London|
|Calculation Agent||Credit Suisse International, London|
|Co-Structurer||Credit Suisse AG, Zurich|
|Index Rebalancing Agent||FP Wealth Solutions SA, Geneva|
|Denomination||USD 1,000 (“Nominal“) per Note|
|Issue Price||100% of the Denomination|
|Underlying||A notional investment in the Schildershoven Global Bonds Value Harvester Index|
|Inception Date||1 October 2014|
|Minimum Subscription Lot||Switzerland: 1 Note; EEA, Investors: 150 Notes|
|Performance Fee||10% subject to High Water Mark|
|Subscriptions/ Redemptions||Monthly, for primary market subscriptions|
|Per Issuer||Maximum 4%, provided that the largest 10 issuers may also in aggregate not exceed 30%|
|Per Country||Maximum 40% in US
Maximum 30% in any other developed country
Maximum 25% in each BRIC country
Maximum 15% in any other emerging market country
|Per Region||Maximum 40% in each “North America”, “Europe”, “Developed Asia”, “Latin America”, “Emerging Europe” and “Emerging Asia”
Maximum 25% in “Africa and Middle East”
|Allocations to ETFs||Maximum 20% which should otherwise adhere with the above|
|Allocations to a single issue||Total holding in % of total issuance size of the relevant bond|
|Minimum number of investments||5|
|Credit Ratings||At least Standard & Poor’s rating of B or equivalent from Moody's and Fitch, subject to a minimum allocation of 40% to bonds with a Standard & Poor’s rating of at least BB- or equivalent from Moody's and Fitch|
|Weight of USD-denominated assets||minimum 40%|
Target Investments and investing Geography:
High yield bonds of issuers from emerging and developed countries, denominated in USD, EUR, CHF and GBP no no specific focus on individual regions, sectors or issuers.
Maximization of total absolute return resulting from a combination of capital gains and coupon yields by way of selection of undervalued fixed income instruments and active portfolio rebalancing with due risk management and control. Combination of event-driven and carry investments.
Purchase and sale of the Certificates is similar to purchase and sale of Eurobonds. The Certificates are fully transferable in Euroclear and Clearstream.