Credit Suisse has issued a one-and-a-half year growth product with an unusually high barrier level linked to the WisdomTree Japan Hedged Equity Fund. This is a leveraged return note that generates returns through the increase in value of the underlying asset multiplied by a leverage factor.
The deal offers returns of 1.5 times the growth in the fund up to a 30% cap. If the fund's growth at maturity is 10%, for instance, then the product will pay 15% in addition to principal. Fund performance is