Published on 6/2/2014 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $13.07 million capped leveraged return notes linked to Russell 2000
By Susanna Moon
Chicago, June 2 - Credit Suisse AG, London Branch priced $13.07 million of 0% Capped Leveraged Index Return Notes due May 27, 2016 tied to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 200% of any index gain, up to a maximum return of 14.1%.
Investors will receive par if the index falls by up to 10% and will lose 1% for every 1% decline beyond 10%.
Bank of America Merrill Lynch is the underwriter.
Issuer: | Credit Suisse AG, London Branch
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Issue: | Capped Leveraged Index Return Notes
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Underlying index: | Russell 2000
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Amount: | $13,065,570
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Maturity: | May 27, 2016
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 200% of any index gain, capped at 14.1%; par if index falls by up to 10%; 1% loss for every 1% drop beyond 10%
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Initial index level: | 1,140.07
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Pricing date: | May 29
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Settlement date: | June 5
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Underwriter: | Bank of America Merrill Lynch
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Fees: | 2%
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Cusip: | 22545F391
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