Published on 12/8/2014 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $6.66 million buffered capped participation notes on the Dow
By Toni Weeks
San Luis Obispo, Calif., Dec. 8 – Credit Suisse AG, London Branch priced $6.66 million of 0% buffered capped participation notes due Dec. 28, 2018 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
BofA Merrill Lynch is the agent.
The payout at maturity will be par plus any index gain, subject to a maximum return of 36.2%.
Investors will receive par if the index falls by up to 23% and will lose 1% for every 1% decline beyond the 23% buffer level.
The final index level will be the average of the closing index levels on the five trading days ending Dec. 24, 2018.
Issuer: | Credit Suisse AG, London Branch
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Issue: | Buffered capped participation notes
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Underlying index: | Dow Jones industrial average
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Amount: | $6,661,000
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Maturity: | Dec. 28, 2018
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus any index gain, capped at 36.2%; par if index falls by up to 23%; exposure to losses beyond 23% buffer
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Initial index level: | 17,900.1
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Threshold level: | 13,783.08, 77% of initial level
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Pricing date: | Dec. 4
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Settlement date: | Dec. 11
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Agent: | BofA Merrill Lynch
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Fees: | 2.5%
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Cusip: | 22539W848
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