Published on 5/29/2018 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse sells $22.88 million accelerated return notes on Russell 2000
By Sarah Lizee
Olympia, Wash., May 29 – Credit Suisse AG, London Branch priced $22.88 million of 0% accelerated return notes due July 26, 2019 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 300% of the index return up to a 12.6% return cap.
Investors will be fully exposed to any decline in the index.
BofA Merrill Lynch is the agent.
Issuer: | Credit Suisse AG, London
|
Issue: | Accelerated return notes
|
Underlying index: | Russell 2000 index
|
Amount: | $22,881,490
|
Maturity: | March 29, 2019
|
Coupon: | 0%
|
Price: | Par of $10.00
|
Payout at maturity: | If index return is positive, par plus 300% of index return, up to 12.6% return cap; full exposure to any index decline
|
Initial index level: | 1,628.222
|
Pricing date: | May 24
|
Settlement date: | June 1
|
Underwriter: | BofA Merrill Lynch
|
Fees: | 2%
|
Cusip: | 22548Y736
|
© 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.