Published on 2/15/2018 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $7.69 million PLUS with cap tied to banking fund
By Susanna Moon
Chicago, Feb. 15 – Credit Suisse AG, London branch priced $7.69 million of 0% Performance Leveraged Upside Securities due May 3, 2019 linked to the SPDR S&P Regional Banking exchange-traded fund, according to a 424B2 filed with the Securities and Exchange Commission.
The payout at maturity will be par plus triple any fund gain, up to a maximum return of 20.2%.
Investors will be exposed to any losses.
Credit Suisse Securities (USA) LLC is the agent with Morgan Stanley Wealth Management as dealer.
Issuer: | Credit Suisse AG, London branch
|
Issue: | Performance Leveraged Upside Securities
|
Underlying fund: | SPDR S&P Regional Banking ETF
|
Amount: | $7,692,380
|
Maturity: | May 3, 2019
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus 300% of any fund gain, capped at 20.2%; 1% loss per 1% decline
|
Initial level: | $62.30
|
Pricing date: | Jan. 31
|
Settlement date: | Feb. 5
|
Agent: | Credit Suisse Securities (USA) LLC
|
Dealer: | Morgan Stanley Wealth Management
|
Fees: | 1.75%
|
Cusip: | 22549E168
|
|
|
© 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.