By Toni Weeks
San Luis Obispo, Calif., Sept. 30 - Credit Suisse AG, London Branch priced $53.25 million of 0% Accelerated Return Notes due Nov. 26, 2014 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 300% of any index gain, subject to a maximum return of 17.7%.
Investors will be fully exposed to any decline in the index.
The final index level will be the average of the closing index levels on five trading days ending Nov. 21, 2014.
BofA Merrill Lynch is the agent.
| Issuer: | Credit Suisse AG, London Branch
|
| Issue: | Accelerated Return Notes
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $53,246,660
|
| Maturity: | Nov. 26, 2014
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 300% of any index gain, with returns capped at 17.7%; full exposure to any losses
|
| Initial index level: | 2,922.99
|
| Pricing date: | Sept. 26
|
| Settlement date: | Oct. 4
|
| Agent: | BofA Merrill Lynch
|
| Fees: | 2%
|
| Cusip: | 22546D205
|
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