Published on 5/13/2015 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse sells $1.93 million return enhanced notes on Russell 2000
By Susanna Moon
Chicago, May 13 – Credit Suisse AG, London Branch priced $1.93 million of 0% return enhanced notes due May 25, 2016 linked to the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus double any index gain, up to a maximum return of 18.5%.
Investors will be exposed to any losses.
J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA are the placement agents.
Issuer: | Credit Suisse AG, London Branch
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Issue: | Return enhanced notes
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Underlying index: | Russell 2000
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Amount: | $1.93 million
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Maturity: | May 25, 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 18.5%; exposure to any losses
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Initial level: | 1,234.928
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Pricing date: | May 8
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Settlement date: | May 13
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Underwriters: | J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
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Fees: | 1%
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Cusip: | 22546VDE3
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