New Issue: Credit Suisse sells $27.73 million Accelerated Return Notes linked to SPDR Gold Trust

By Sarah Lizee

Olympia, Wash., June 2 – Credit Suisse AG, London Branch priced $27.73 million of 0% Accelerated Return Notes due July 30, 2021 linked to the SPDR Gold Trust, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus triple any fund gain, up to a maximum return of 15%. Investors will be exposed to any fund decline.

BofA Securities, Inc. is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Accelerated Return Notes
Underlying fund:	SPDR Gold Trust
Amount:	$27,729,160
Maturity:	July 30, 2021
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 300% of any fund gain, capped at par plus 15%; full exposure to any fund decline
Initial fund level:	$161.72
Final fund level:	Average of fund’s closing levels on five trading days ending July 27, 2021
Pricing date:	May 28
Settlement date:	June 4
Agent:	BofA Securities, Inc.
Fees:	2%
Cusip:	22550J718

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.