Published on 12/27/2017 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse sells $9.17 million Accelerated Return Notes on Nikkei
By Wendy Van Sickle
Columbus, Ohio, Dec. 27 – Credit Suisse AG, London Branch priced $9.17 million of 0% Accelerated Return Notes due Feb. 22, 2019 linked to the JPX-Nikkei Index 400, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 300% of any index gain, subject to a maximum return of 15.9%. Investors will be exposed to any index decline.
BofA Merrill Lynch is the agent.
Issuer: | Credit Suisse AG, London Branch
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Issue: | Accelerated Return Notes
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Underlying index: | JPX-Nikkei Index 400
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Amount: | $9,172,880
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Maturity: | Feb. 22, 2019
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Coupon: | 0%
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Price: | Par of $10.00
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Payout at maturity: | Par plus 300% of any index gain, capped at 15.9%; exposure to any index decline
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Initial level: | 16,138.80
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Final level: | Average of closing levels on five trading days ending Feb. 19, 2019
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Pricing date: | Dec. 21
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Settlement date: | Dec. 29
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Agent: | BofA Merrill Lynch
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Fees: | 2%
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Cusip: | 22548Y876
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