Published on 7/31/2014 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $759,000 Bares linked to Russell 2000
By Marisa Wong
Madison, Wis., July 31 – Credit Suisse AG, London Branch priced $759,000 of 0% Buffered Accelerated Return Equity Securities due Jan. 31, 2018 tied to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is flat or positive, the payout at maturity will be par plus 20%.
Investors will receive par if the index falls by up to 20% and lose 1% for every 1% decline in the index beyond 20%.
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: | $759,000
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Maturity: | Jan. 31, 2018
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index return is flat or positive, par plus 20%; par if index falls by up to 20%; 1% loss for every 1% decline in the index beyond 20%
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Initial index level: | 1,141.64
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Pricing date: | July 29
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Settlement date: | July 31
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Underwriter: | Credit Suisse Securities (USA) LLC
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Fees: | 2.8%
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Cusip: | 22547QQG4
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