Published on 6/2/2016 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse sells $11.81 million Accelerated Return Notes on Regional Banks index
By Marisa Wong
Morgantown, W.Va., June 2 – Credit Suisse AG, London Branch priced $11.81 million of 0% Accelerated Return Notes due July 28, 2017 linked to the S&P Regional Banks Select Industry index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 300% of any index gain, subject to a maximum return of 20.81%. Investors will be exposed to any index decline.
BofA Merrill Lynch is the agent.
Issuer: | Credit Suisse AG, London Branch
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Issue: | Accelerated Return Notes
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Underlying index: | S&P Regional Banks Select Industry index
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Amount: | $11,810,820
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Maturity: | July 28, 2017
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Coupon: | 0%
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Price: | Par of $10.00
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Payout at maturity: | Par plus 300% of any index gain, capped at 20.81%; exposure to any index decline
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Initial index level: | 1,291.05
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Final index level: | Average of index’s closing levels on five trading days ending July 25, 2017
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Pricing date: | May 26
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Settlement date: | June 3
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Agent: | BofA Merrill Lynch
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Fees: | 2%
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Cusip: | 22547V832
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