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
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Issue: | Accelerated Return Notes
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Underlying index: | Euro Stoxx 50
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Amount: | $1.4 million
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Maturity: | Dec. 31, 2018
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Coupon: | 0%
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Price: | Par
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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
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Initial index level: | 3,070.91
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Knock-in level: | 1,996.0915
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Pricing date: | Dec. 23
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Settlement date: | Dec. 30
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Placement agent: | Barclays
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Fees: | 3%
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Cusip: | 22547QEW2
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