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
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Issue: | Accelerated Return Notes
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Underlying index: | NYSE Arca Gold Miners
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Amount: | $23,968,750
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Maturity: | Jan. 29, 2016
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Coupon: | 0%
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Price: | Par
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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
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Initial index level: | 561.38
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Knock-in level: | , 75% of initial level
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Pricing date: | Nov. 25
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Settlement date: | Dec. 3
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Agent: | BofA Merrill Lynch
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Fees: | 2%
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Cusip: | 22547T118
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