Published on 11/26/2013 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $5.34 million ARES on iShares U.S. Real Estate ETF
By Marisa Wong
Madison, Wis., Nov. 26 - Credit Suisse AG, London Branch priced $5.34 million of 0% Accelerated Return Equity Securities due Nov. 28, 2016 tied to the iShares U.S. Real Estate exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 217.5% of any fund gain. Investors will be exposed to any losses.
Credit Suisse Securities (USA) LLC is the underwriter.
Issuer: | Credit Suisse AG, London Branch
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Issue: | Accelerated Return Equity Securities
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Underlying fund: | iShares U.S. Real Estate ETF
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Amount: | $5,344,000
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Maturity: | Nov. 28, 2016
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 217.5% of any fund gain; exposure to any losses
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Initial price: | $63.49
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Pricing date: | Nov. 25
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Settlement date: | Nov. 27
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Underwriters: | Credit Suisse Securities (USA) LLC
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Fees: | 0.5%
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Cusip: | 22547QDZ6
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