Published on 4/28/2014 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse sells $18.45 million Accelerated Return Notes on S&P MidCap 400
By Susanna Moon
Chicago, April 28 - Credit Suisse AG, London Branch priced $18.45 million of 0% Accelerated Return Notes due June 26, 2015 linked to the S&P MidCap 400 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus triple any index gain, up to a maximum return of 10.86%.
Investors will be exposed to any losses.
BofA Merrill Lynch will be the agent.
| Issuer: | Credit Suisse AG, London Branch
|
| Issue: | Accelerated Return Notes
|
| Underlying index: | S&P MidCap 400
|
| Amount: | $18,447,550
|
| Maturity: | June 26, 2015
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus triple any index gain, capped at 10.86%; exposure to any losses
|
| Initial index level: | 1,363.33
|
| Pricing date: | April 24
|
| Settlement date: | May 1
|
| Agent: | BofA Merrill Lynch
|
| Fees: | 2%
|
| Cusip: | 22545F565
|
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