Published on 11/4/2015 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $15.61 million Accelerated Return Notes on indexes
By Susanna Moon
Chicago, Nov. 4 – Credit Suisse AG, London branch priced $15.61 million of 0% Accelerated Return Notes due Dec. 30, 2016 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the Euro Stoxx 50 index with a weight of 40%, the FTSE 100 index with a weight of 20%, the Nikkei stock average index with a weight of 20%, the Swiss Market index with a weight of 7.5%, the S&P/ASX 200 Index with a weight of 7.5% and the Hang Seng index with a weight of 5%.
The payout at maturity will be par plus triple any index gain, up to a maximum return of 13.56%.
Investors will be exposed to any losses.
BofA Merrill Lynch is the underwriter.
Issuer: | Credit Suisse AG, London branch
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Issue: | Accelerated Return Notes
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Underlying index: | Euro Stoxx 50 index (40% weight), the FTSE 100 index (20% weight), Nikkei stock average index (20% weight), Swiss Market index (7.5% weight), S&P/ASX 200 index (7.5% weight) and the Hang Seng index (5% weight)
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Amount: | $13,262,930
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Maturity: | Dec. 30, 2016
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus 300% of any index gain, capped at 13.56%; exposure to any losses
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Initial levels: | 3,413.39 for Euro Stoxx, 6,395.80 for FTSE, 18,935.71 for Nikkei, 8,957.27 for Swiss Market, 5,266.857 for S&P/ASX and 22,819.94 for Hang Seng
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Pricing date: | Oct. 29
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Settlement date: | Nov. 5
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Underwriters: | BofA Merrill Lynch
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Fees: | 2%
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Cusip: | 22548D336
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