Published on 10/4/2013 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $9.05 million return enhanced notes linked to iShares MSCI EM
By Angela McDaniels
Tacoma, Wash., Oct. 4 - Credit Suisse AG, London Branch priced $9.05 million of 0% return enhanced notes due Oct. 22, 2014 linked to the iShares MSCI Emerging Markets index fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the final share price is greater than the initial share price, the payout at maturity will be par plus 200% of the ETF return, up to a maximum return of 20.4%. Investors will be fully exposed to any decline in the share price.
J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA are the agents.
Issuer: | Credit Suisse AG, London Branch
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Issue: | Return enhanced notes
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Underlying ETF: | iShares MSCI Emerging Markets index
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Amount: | $9.05 million
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Maturity: | Oct. 22, 2014
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 2 times any fund gain, capped at 20.5%; full exposure to any fund decline
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Initial share price: | $41.73
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Final share price: Average of closing share prices on Oct. 13, 2014, Oct. 14, 2014, Oct. 15, 2014, Oct. 16, 2014 and Oct. 17, 2014
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Pricing date: | Oct. 2
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Settlement date: | Oct. 7
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Agent: | J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
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Fees: | 1%
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Cusip: | 22547QC53
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