Published on 3/3/2015 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $2.87 million Accelerated Return Equity Securities on FTSE 100
By Jennifer Chiou
New York, March 3 – Credit Suisse AG, London Branch priced $2,865,000 of 0% Accelerated Return Equity Securities due March 2, 2017linked to the FTSE 100 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 157.5% of any index gain. Investors will share in any losses.
Barclays is the placement agent.
| Issuer: | Credit Suisse AG, London Branch
|
| Issue: | Accelerated Return Equity Securities
|
| Underlying index: | FTSE 100
|
| Amount: | $2,865,000
|
| Maturity: | March 2, 2017
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 157.5% of any gain; exposure to losses
|
| Initial level: | 6,946.66
|
| Pricing date: | Feb. 27
|
| Settlement date: | March 4
|
| Placement agent: | Barclays
|
| Fees: | 2%
|
| Cusip: | 22546V6B7
|
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