Published on 3/31/2014 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $90.95 million Accelerated Return Notes linked to Euro Stoxx 50
By Angela McDaniels
Tacoma, Wash., March 31 - Credit Suisse AG, London Branch priced $90.95 million of 0% Accelerated Return Notes due May 29, 2015 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
BofA Merrill Lynch is the agent.
If the index return is positive, the payout at maturity will be par of $10 plus 300% of the index return, subject to a maximum return of 19.86%. Investors will lose 1% for every 1% decline in the index.
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: | $90,949,730
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Maturity: | May 29, 2015
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | If index return is positive, par plus 300% of index return, subject to 19.86% cap; 1% loss for every 1% decline in index
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Initial index level: | 3,133.75
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Final index level: | Average of index's closing levels on five trading days ending May 26, 2015
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Pricing date: | March 27
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Settlement date: | April 3
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Agent: | BofA Merrill Lynch
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Fees: | 2%
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Cusip: | 22545F623
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