Published on 10/10/2013 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $12.55 million Bares linked to S&P MidCap 400, Russell 2000
By Susanna Moon
Chicago, Oct. 10 - Credit Suisse AG, London Branch priced $12.55 million of 0% Buffered Accelerated Return Equity Securities due Feb. 13, 2018 linked to a basket of two indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the S&P MidCap 400 index with a 70% weight and the Russell 2000 index with a 30% weight.
The payout at maturity will be par plus 112% of any gain in the basket.
Investors will receive par if the basket falls by up to 25% and will lose 1.3333% for each 1% decline beyond 25%.
Credit Suisse Securities (USA) LLC is the underwriter.
| Issuer: | Credit Suisse AG, London Branch
|
| Issue: | Buffered Accelerated Return Equity Securities
|
| Underlying basket: | S&P MidCap 400 index (70% weight) and the Russell 2000 index (30% weight)
|
| Amount: | $12,553,000
|
| Maturity: | Feb. 13, 2018
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 112% of any basket gain; par if basket fall by up to 25%; 1.3333% loss per 1% drop beyond 25%
|
| Initial level: | 1,225.80 for S&P MidCap, 1,047.26 for Russell
|
| Pricing date: | Oct. 8
|
| Settlement date: | Oct. 11
|
| Underwriters: | Credit Suisse Securities (USA) LLC
|
| Fees: | None
|
| Cusip: | 22547QB62
|
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