Published on 12/24/2014 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $2 million 0% ARES linked to FTSE 100 index
By Toni Weeks
San Luis Obispo, Calif., Dec. 24 – Credit Suisse AG, London Branch priced $2 million of 0% Accelerated Return Equity Securities due Sept. 11, 2017 linked to the FTSE 100 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.95 times any gain. Investors will share in any losses.
Barclays is the agent.
| Issuer: | Credit Suisse AG, London Branch
|
| Issue: | Accelerated Return Equity Securities
|
| Underlying index: | FTSE 100
|
| Amount: | $2 million
|
| Maturity: | Sept. 11, 2017
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.95 times any gain; exposure to losses
|
| Initial level: | 6,466.00
|
| Pricing date: | Dec. 22
|
| Settlement date: | Dec. 29
|
| Agent: | Barclays
|
| Fees: | 1.5%
|
| Cusip: | 22547QZR0
|
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