Published on 2/26/2018 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse sells $2.71 million PLUS on iShares China Large-Cap ETF
By Marisa Wong
Morgantown, W.Va., Feb. 26 – Credit Suisse AG, London Branch priced $2.71 million of 0% Performance Leveraged Upside Securities due June 5, 2019 linked to the iShares China Large-Cap exchange-traded fund, according to a 424B2 with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus triple any ETF gain, up to a maximum payment of $12.50 per PLUS.
Investors will be exposed to any losses.
Credit Suisse Securities (USA) LLC is the agent with Morgan Stanley Wealth Management handling distribution.
Issuer: | Credit Suisse AG, London Branch
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Issue: | Performance Leveraged Upside Securities
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Underlying ETF: | iShares China Large-Cap ETF
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Amount: | $2,714,850
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Maturity: | June 5, 2019
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus triple any ETF gain, up to a maximum payment of $12.50 per PLUS; full exposure to losses
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Initial fund level: | $49.37
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Pricing date: | Feb. 16
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Settlement date: | Feb. 22
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Agent: | Credit Suisse Securities (USA) LLC with Morgan Stanley Wealth Management handling distribution
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Fees: | 2.25%
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Cusip: | 22549E309
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