Published on 9/28/2015 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $48.06 million Accelerated Return Notes on S&P 500
By Marisa Wong
Morgantown, W.Va., Sept. 28 – Credit Suisse AG, London Branch priced $48.06 million of 0% Accelerated Return Notes due Sept. 29, 2017 linked to the S&P 500 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 of $10 plus 300% of the index return, subject to a maximum return of 18.2%. If the index return is negative, investors will be fully exposed to the decline.
BofA Merrill Lynch is the underwriter.
Issuer: | Credit Suisse AG, London Branch
|
Issue: | Accelerated Return Notes
|
Underlying index: | S&P 500
|
Amount: | $48,063,020
|
Maturity: | Sept. 29, 2017
|
Coupon: | 0%
|
Price: | Par of $10
|
Payout at maturity: | Par plus 300% of any index gain, capped at 18.2%; exposure to any index decline
|
Initial index level: | 1,932.24
|
Final index level: | Average of index’s closing levels on five trading days ending Sept. 26, 2017
|
Pricing date: | Sept. 24
|
Settlement date: | Oct. 1
|
Underwriters: | BofA Merrill Lynch
|
Fees: | 2%
|
Cusip: | 22548D377
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.