Published on 10/22/2013 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $7.4 million Bares linked to Russell
New York, Oct. 22 - Credit Suisse AG, London Branch priced $7.4 million of 0% Buffered Accelerated Return Equity Securities due April 24, 2015 tied to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 150% of the index return, subject to a maximum payout of par plus 23.55%. Investors will receive par if the index falls by up to 15% and lose 1% for every 1% decline in the index beyond 15%.
Credit Suisse Securities (USA) LLC is the underwriter.
Issuer: | Credit Suisse AG, London Branch
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Issue: | Buffered Accelerated Return Equity Securities
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Underlying index: | Russell 2000
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Amount: | $7 million
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Maturity: | April 24, 2015
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index return is positive, par plus 150% of the index return, subject to maximum payout of par plus 23.55%; par if index falls by up to 15%; 1% loss for every 1% decline in the index beyond 15%
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Initial index level: | RTY
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Pricing date: | Oct. 18
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Settlement date: | Oct. 25
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Underwriters: | Credit Suisse Securities (USA) LLC
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Fees: | 0%
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Cusip: | 22547QCJ3
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