Published on 7/30/2013 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $14.36 million Accelerated Return Notes linked to Euro Stoxx 50
By Toni Weeks
San Luis Obispo, Calif., July 30 - Credit Suisse AG, London Branch priced $14.36 million of 0% Accelerated Return Notes due Jan. 31, 2017 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 150% of any index gain. Investors will receive par for losses of up to 25% and will be fully exposed to losses from the initial level if the index falls more than 25%.
Barclays is the placement agent.
Issuer: | Credit Suisse AG, London Branch
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Issue: | Accelerated Return Notes
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Underlying index: | Euro Stoxx 50
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Amount: | $14.36 million
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Maturity: | Jan. 31, 2017
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 150% of any index gain; par if index falls by 25% or less on Jan. 26, 2017 valuation date; full exposure to losses if index falls below knock-in level
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Initial level: | 2,741.96
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Knock-in level: | 2,056.47, 75% of initial level
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Pricing date: | July 26
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Settlement date: | July 31
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Underwriter: | Barclays
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Fees: | 2.6%
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Cusip: | 22547Q5Q5
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