Published on 1/19/2017 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $5.58 million trigger jump securities linked to iShares MSCI EM
By Wendy Van Sickle
Columbus, Ohio, Jan. 19 – Credit Suisse AG, London Branch priced $5.58 million of 0% trigger jump securities due Aug. 3, 2018 linked to the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the fund finishes at or above its initial level, the payout at maturity will equal par of $10 plus the upside payment of 21.25%.
Investors will receive par if the fund falls by up to 10% and will be exposed to any loses if the fund finishes below the 90% knock-in level.
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: | Trigger jump securities
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Underlying ETF: | iShares MSCI Emerging Markets
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Amount: | $5,582,430
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Maturity: | Aug. 3, 2018
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | If ETF gains, par plus 21.25%; par if ETF falls by 10% or less; full exposure to any losses if ETF finishes below trigger level
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Initial level: | $36.68
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Trigger level: | $33.01, 90% of initial level
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Pricing date: | Jan. 13
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Settlement date: | Jan. 19
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Underwriter: | Credit Suisse Securities (USA) LLC
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Dealer: | Morgan Stanley Wealth Management
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Fees: | 2.5%
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Cusip: | 22549A166
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