Published on 3/2/2015 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $40.72 million Accelerated Return Notes on S&P Regional Banks
By Marisa Wong
Madison, Wis., March 2 – Credit Suisse AG, London Branch priced $40.72 million of 0% Accelerated Return Notes due Aug. 29, 2016 linked to the S&P Regional Banks Select Industry index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus triple the index return, subject to a maximum payout of par plus 18%. Investors will lose 1% for every 1% decline in the index.
BofA Merrill Lynch is the agent.
Issuer: | Credit Suisse AG, London Branch
|
Issue: | Accelerated Return Notes
|
Underlying index: | S&P Regional Banks Select Industry index
|
Amount: | $40,715,220
|
Maturity: | Aug. 29, 2016
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus 300% of any index gain, return capped at 18%; full exposure to losses
|
Initial index level: | 1,262.15
|
Pricing date: | Feb. 26
|
Settlement date: | March 5
|
Agent: | BofA Merrill Lynch
|
Fees: | 2%
|
Cusip: | 22539W756
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.