Published on 11/29/2016 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $14.35 million Accelerated Return Notes tied to Euro Stoxx
By Devika Patel
Knoxville, Tenn., Nov. 29 – Credit Suisse AG, London Branch priced $14.35 million of 0% Accelerated Return Notes due Jan. 26, 2018 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 of $10 plus triple any gain, up to a maximum payout of $12.235 per $10 of notes. Investors will lose 1% for each 1% decline.
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
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Amount: | $14,344,990
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Maturity: | Jan. 26, 2018
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Coupon: | 0%
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Price: | Par of $10.00
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Payout at maturity: | Par plus triple any index gain, capped at 22.35%; 1% loss for each 1% decline
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Initial level: | 3,044.33
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Final index level: | Average of closing levels on five trading days ending Jan. 23, 2018
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Pricing date: | Nov. 22
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Settlement date: | Nov. 30
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Underwriters: | BofA Merrill Lynch
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Fees: | 2%
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Cusip: | 22549J605
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