Published on 10/13/2015 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse sells $1 million accelerated return notes on three stocks
By Marisa Wong
Morgantown, W.Va., Oct. 13 – Credit Suisse AG, London Branch priced $1 million of 0% Accelerated Return Equity Securities due Oct. 12, 2017 linked to an equally weighted basket of three stocks, according to a 424B2 filing with the Securities and Exchange Commission.
The underlying basket consists of the American Depositary Shares of Royal Dutch Shell plc, the common stock of Exxon Mobil Corp. and the common stock of Chevron Corp.
If the basket return is positive, the payout at maturity will be par plus 185% of the basket gain. If the basket return is negative, investors will be fully exposed to the decline.
Credit Suisse Securities (USA) LLC is the agent.
Issuer: | Credit Suisse AG, London Branch
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Issue: | Accelerated Return Equity Securities
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Underlying basket: | Royal Dutch Shell plc (Symbol: RDS.A), Exxon Mobil Corp. (Symbol: XOM) and Chevron Corp. (Symbol: CVX), equally weighted
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Amount: | $1 million
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Maturity: | Oct. 12, 2017
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Coupon: | 0%
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Price: | Par of $1,000
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Payout at maturity: | Par plus 185% of any basket gain; exposure to any basket decline
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Initial prices: | $55.88 for Shell, $80.03 for Exxon, $89.91 for Chevron
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Pricing date: | Oct. 8
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Settlement date: | Oct. 14
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Agent: | Credit Suisse Securities (USA) LLC
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Fees: | 1.25%
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Cusip: | 22546VN93
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