Published on 12/1/2014 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $9.1 million Accelerated Return Notes tied to S&P Regional Banks
By Jennifer Chiou
New York, Dec. 1 – Credit Suisse AG, London Branch priced $9,098,810 of 0% Accelerated Return Notes due Jan. 29, 2016 linked to the S&P Regional Banks Select Industry index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 300% of the index return, up to a maximum return of 18%.
Investors will be exposed to any losses.
BofA Merrill Lynch is the underwriter.
Issuer: | Credit Suisse AG, London Branch
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Issue: | Accelerated Return Notes
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Underlying index: | S&P Regional Banks Select Industry
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Amount: | $9,098,810
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Maturity: | Jan. 29, 2016
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus 300% of any index gain, capped at 18%; exposure to any losses
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Initial index level: | 1,261.13
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Pricing date: | Nov. 25
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Settlement date: | Dec. 3
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Underwriter: | BofA Merrill Lynch
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Fees: | 2%
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Cusip: | 22545F144
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