Published on 12/17/2013 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $1.21 million return enhanced notes on S&P 500
By Jennifer Chiou
New York, Dec. 17 - Credit Suisse AG, London Branch priced $1,208,000 of 0% return enhanced notes due Dec. 30, 2014 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus two times any index gain, subject to a maximum return of 14.4%.
Investors will be exposed to any losses.
J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA are the placement agents.
Issuer: | Credit Suisse AG, London Branch
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Issue: | Return enhanced notes
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Underlying index: | S&P 500
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Amount: | $1,208,000
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Maturity: | Dec. 30, 2014
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 200% of any index gain, capped at 14.4%; exposure to any losses
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Initial level: | 1,775.32
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Pricing date: | Dec. 13
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Settlement date: | Dec. 18
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Agents: | J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
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Fees: | 1%
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Cusip: | 22547QEM4
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