New Issue: Credit Suisse prices $6.66 million Accelerated Return Notes on Nikkei

By Marisa Wong

Morgantown, W.Va., Sept. 28 – Credit Suisse AG, London Branch priced $6.66 million of 0% Accelerated Return Notes due Nov. 23, 2016 linked to the JPX-Nikkei Index 400, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par of $10 plus 300% of the index return, subject to a maximum return of 15.45%. If the index return is negative, investors will be fully exposed to the decline.

BofA Merrill Lynch is the underwriter.

Issuer:	Credit Suisse AG, London Branch
Issue:	Accelerated Return Notes
Underlying index:	JPX-Nikkei Index 400
Amount:	$6,660,890
Maturity:	Nov. 23, 2016
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 300% of any index gain, capped at 15.45%; exposure to any index decline
Initial index level:	12,800.75
Final index level:	Average of index’s closing levels on five trading days ending Nov. 18, 2016
Pricing date:	Sept. 24
Settlement date:	Oct. 1
Underwriters:	BofA Merrill Lynch
Fees:	2%
Cusip:	22548D419

© 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.