Published on 8/9/2013 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $2.38 million Accelerated Return Notes on WisdomTree Japan fund
By Susanna Moon
Chicago, Aug. 9 - Credit Suisse AG, London Branch priced $2.38 million of 0% Accelerated Return Notes due Feb. 12, 2015 linked to the WisdomTree Japan Hedged Equity fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 150% of any fund gain, up to an underlying cap of 30%.
Investors will receive par if the shares fall by up to 10% and will be fully exposed to any losses if the fund finishes below the 90% knock-in level.
Barclays is the placement agent.
Issuer: | Credit Suisse AG, London Branch
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Issue: | Accelerated Return Notes
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Underlying fund: | WisdomTree Japan Hedged Equity fund
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Amount: | $2,375,000
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Maturity: | Feb. 12, 2015
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 150% of any fund gain, with underlying cap of 30%; par if shares fall by 10%; full exposure to losses if fund falls below knock-in level
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Initial level: | $45.62
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Knock-in level: | $41.058, 90% of initial level
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Pricing date: | Aug. 7
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Settlement date: | Aug. 12
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Underwriter: | Barclays
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Fees: | 1.5%
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Cusip: | 22547Q7D2
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