Published on 9/27/2013 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $4.59 million Accelerated Return Notes linked to Euro Stoxx 50
By Toni Weeks
San Luis Obispo, Calif., Sept. 27 - Credit Suisse AG, London Branch priced $4.59 million of 0% Accelerated Return Notes due March 30, 2017 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 141% of any index gain.
Investors will receive par if the index finishes at or above the knock-in level, 75% of the initial level, and will be fully exposed to losses if it falls by more than 25%.
Barclays 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: | $4,585,000
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Maturity: | March 30, 2017
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Coupon: | 0%
|
Price: | Par
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Payout at maturity: | Par plus 141% of any index gain; par if index falls by up to 25%; full exposure to losses if it falls more than 25%
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Initial index level: | 2,927.35
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Knock-in level: | 2,195.5125, 75% of initial level
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Pricing date: | Sept. 25
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Settlement date: | Sept. 30
|
Agent: | Barclays
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Fees: | 2.75%
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Cusip: | 22547QAX4
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