Published on 11/26/2014 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $3.5 million accelerated return notes linked to S&P 500
By Susanna Moon
Chicago, Nov. 26 – Credit Suisse AG, London Branch priced $3.5 million of 0% accelerated return notes due Nov. 30, 2020 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 at least 180% of any index gain.
If the index finishes at or above the 60% knock-in level, the payout will be par.
Otherwise, investors will be fully exposed to any losses.
Credit Suisse Securities (USA) LLC is the 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: | $3,499,000
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Maturity: | Nov. 30, 2020
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus at least 180% of any index gain; if index finishes at or above knock-in level, par; otherwise, full exposure to any losses
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Initial index level: | 3,194.22
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Knock-in level: | 1,916.532, 60% of initial level
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Pricing date: | Nov. 21
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Settlement date: | Nov. 28
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Agent: | Credit Suisse Securities (USA) LLC
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Fees: | 3.8%
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Cusip: | 22547QWD4
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