E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 12/2/2014 in the Prospect News Structured Products Daily.

New Issue: Credit Suisse prices $23.97 million Accelerated Return Notes on NYSE Arca Gold Miners

By Susanna Moon

Chicago, Dec. 2 – Credit Suisse AG, London Branch priced $23.97 million of 0% Accelerated Return Notes due Jan. 29, 2016 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 plus triple any index gain, up to a cap of 41.25%.

Investors will receive par if the index falls by up to 25% and will be fully exposed to any losses if the index finishes below the 75% knock-in level.

BofA Merrill Lynch is the agent.

Issuer:Credit Suisse AG, London Branch
Issue:Accelerated Return Notes
Underlying index:NYSE Arca Gold Miners
Amount:$23,968,750
Maturity:Jan. 29, 2016
Coupon:0%
Price:Par
Payout at maturity:Par plus 300% of any index gain, capped at 41.25%; par if index falls by up to 25%; exposure to losses if index falls below knock-in level
Initial index level:561.38
Knock-in level:, 75% of initial level
Pricing date:Nov. 25
Settlement date:Dec. 3
Agent:BofA Merrill Lynch
Fees:2%
Cusip:22547T118

© 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.