Published on 7/10/2015 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse sells $2.39 million return enhanced notes linked to Euro Stoxx 50
By Toni Weeks
San Luis Obispo, Calif., July 10 – Credit Suisse AG, London Branch priced $2.39 million of 0% return enhanced notes due July 25, 2016 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 triple any index gain, up to a maximum return of 19.65%.
Investors will be exposed to any losses.
J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA are the placement agents.
Issuer: | Credit Suisse AG, London Branch
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Issue: | Return enhanced notes
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Underlying index: | Euro Stoxx 50
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Amount: | $2,387,000
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Maturity: | July 25, 2016
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 300% of any index gain, capped at 19.65%; exposure to any losses
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Initial level: | 3,327.5
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Pricing date: | July 8
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Settlement date: | July 13
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Agents: | J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
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Fees: | 1%
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Cusip: | 22546VH74
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