Published on 1/8/2018 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse sells $7.44 million Accelerated Return Notes on NYSE Arca Gold Miners
By Wendy Van Sickle
Columbus, Ohio, Jan. 8 – Credit Suisse AG, London Branch priced $7.44 million of 0% Accelerated Return Notes due March 29, 2019 linked to the NYSE Arca Gold Miners index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 300% of any index gain, subject to a maximum return of 22.7%. Investors will be exposed to any index decline.
BofA Merrill Lynch is the agent.
Issuer: | Credit Suisse AG, London Branch
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Issue: | Accelerated Return Notes
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Underlying index: | NYSE Arca Gold Miners
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Amount: | $7,443,500
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Maturity: | March 29, 2019
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Coupon: | 0%
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Price: | Par of $10.00
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Payout at maturity: | Par plus 300% of any index gain, capped at 22.7%; exposure to any index decline
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Initial level: | 663.22
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Final level: | Average of closing levels on five trading days ending March 26, 2019
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Pricing date: | Jan. 4
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Settlement date: | Jan. 11
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Agent: | BofA Merrill Lynch
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Fees: | 2%
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Cusip: | 22548Y827
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