Published on 4/30/2014 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $466,000 four-year Bares linked to Euro Stoxx 50
By Susanna Moon
Chicago, April 30 - Credit Suisse AG, London Branch priced $466,000 of 0% Buffered Accelerated Return Equity Securities due April 30, 2018 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 126.5% of any index gain.
Investors will receive par if the index falls by up to 15% and lose 1% for every 1% decline 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: | Euro Stoxx 50
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Amount: | $466,000
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Maturity: | April 30, 2018
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 126.5% of any index gain; par if index falls by up to 15%; 1% loss for every 1% drop beyond 15%
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Initial index level: | 3,147.4
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Pricing date: | April 25
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Settlement date: | April 30
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Underwriters: | Credit Suisse Securities (USA) LLC
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Fees: | 3.5%
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Cusip: | 22547QLL8
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