Published on 11/5/2014 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $147.35 million Accelerated Return Notes linked to S&P 500
By Marisa Wong
Madison, Wis., Nov. 5 – Credit Suisse AG, London Branch priced $147.35 million of 0% Accelerated Return Notes due Dec. 23, 2015 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 300% of the index return, up to a maximum return of 11.31%.
Investors will be exposed to any losses.
BofA Merrill Lynch is the underwriter.
Issuer: | Credit Suisse AG, London Branch
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Issue: | Accelerated Return Notes
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Underlying index: | S&P 500
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Amount: | $147,352,160
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Maturity: | Dec. 23, 2015
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus 300% of any index gain, capped at 11.31%; exposure to any losses
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Initial index level: | 1,994.65
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Pricing date: | Oct. 30
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Settlement date: | Nov. 6
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Underwriter: | BofA Merrill Lynch
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Fees: | 2%
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Cusip: | 22545F151
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