Published on 9/1/2020 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse sells $19.37 million Accelerated Return Notes linked to Gold Miners
By Wendy Van Sickle
Columbus, Ohio, Sept. 1 – Credit Suisse AG, London Branch priced $19.37 million of 0% Accelerated Return Notes due Oct. 29, 2021 linked to the VanEck Vectors Gold Miners ETF, 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 41.67%. 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: | VanEck Vectors Gold Miners ETF
|
Amount: | $19,365,750
|
Maturity: | Oct. 29, 2021
|
Coupon: | 0%
|
Price: | Par of $10
|
Payout at maturity: | Par plus 300% of any fund gain, capped at par plus 41.67%; full exposure to any fund decline
|
Initial fund level: | $40.66
|
Final fund level: | Average of fund’s closing levels on five trading days ending Oct. 26, 2021
|
Pricing date: | Aug. 27
|
Settlement date: | Sept. 3
|
Agent: | BofA Securities, Inc.
|
Fees: | 2%
|
Cusip: | 22550J684
|
|
© 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.