Published on 9/23/2014 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $633,000 0% Accelerated Return Equity Securities tied to Euro Stoxx
By Jennifer Chiou
New York, Sept. 23 – Credit Suisse AG, London Branch priced $633,000 of 0% Accelerated Return Equity Securities due Dec. 28, 2015 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 three times any gain, capped at 19.5%. Investors will share in any losses.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
Issuer: | Credit Suisse AG, London Branch
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Issue: | Accelerated Return Equity Securities
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Underlying index: | Euro Stoxx 50
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Amount: | $633,000
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Maturity: | Dec. 28, 2015
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus three times any gain, capped at 19.5%; exposure to losses
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Initial level: | 3,273.25
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Pricing date: | Sept. 19
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Settlement date: | Sept. 24
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Underwriters: | Credit Suisse Securities (USA) LLC
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Fees: | 0.5%
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Cusip: | 22547QTF3
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