Published on 3/3/2014 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $38.41 million market-linked step-up notes on Euro Stoxx
By Jennifer Chiou
New York, March 3 - Credit Suisse AG, London Branch priced $38,407,540 of market-linked step-up notes due Feb. 26, 2016 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes above the step-up value - 120% of the initial level - the payout at maturity will be par plus the index gain.
If the index finishes at or below the step-up level but at or above the initial level, the payout will be par plus the step-up return of 20%.
Investors will be fully exposed to any losses.
BofA Merrill Lynch is the agent.
Issuer: | Credit Suisse AG, London Branch
|
Issue: | Market-linked step-up notes
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Underlying index: | Euro Stoxx 50
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Amount: | $38,407,540
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Maturity: | Feb. 26, 2016
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | If index finishes above step-up value, par plus index gain; if index finishes at or below step-up level but at or above initial level, par plus 20%; investors will be fully exposed to any losses
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Initial index level: | 3,134.94
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Step-up value: | 3,761.93, 120% of initial level
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Pricing date: | Feb. 27
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Settlement date: | March 6
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Underwriter: | BofA Merrill Lynch
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Fees: | 2%
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Cusip: | 22545F755
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