E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 12/30/2013 in the Prospect News Structured Products Daily.

New Issue: Credit Suisse prices $1.4 million Accelerated Return Notes linked to Euro Stoxx 50

By Jennifer Chiou

New York, Dec. 27 - Credit Suisse AG, London Branch priced $1.4 million of 0% Accelerated Return Notes due Dec. 31, 2018 tied to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus 164% of the index return. Investors will receive par for losses up to 35% and will share fully in losses from the initial level if the index decline beyond the buffer.

Barclays is the placement agent.

Issuer:Credit Suisse AG, London Branch
Issue:Accelerated Return Notes
Underlying index:Euro Stoxx 50
Amount:$1.4 million
Maturity:Dec. 31, 2018
Coupon:0%
Price:Par
Payout at maturity:If index return is positive, par plus 164% of index return; par for losses up to 35%; full exposure to losses if index closes below 65% of initial level
Initial index level:3,070.91
Knock-in level:1,996.0915
Pricing date:Dec. 23
Settlement date:Dec. 30
Placement agent:Barclays
Fees:3%
Cusip:22547QEW2

© 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.