Published on 4/3/2017 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $334,000 ARES linked to S&P 500
By Marisa Wong
Morgantown, W.Va., April 3 – Credit Suisse AG, London Branch priced $334,000 of Accelerated Return Equity Securities due June 28, 2018 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 300% of any index gain, up to an underlying return cap of 15.25%.
Investors will be exposed to any losses.
Credit Suisse Securities (USA) LLC is the agent.
Issuer: | Credit Suisse AG, London Branch
|
Issue: | Accelerated Return Equity Securities
|
Underlying index: | S&P 500
|
Amount: | $334,000
|
Maturity: | June 28, 2018
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus 300% of any index gain, up to an underlying return cap of 15.25%; investors will be exposed to any losses
|
Initial index level: | 2,343.98
|
Pricing date: | March 24
|
Settlement date: | March 29
|
Agent: | Credit Suisse Securities (USA) LLC
|
Fees: | 0.5%
|
Cusip: | 22548QXK6
|
|
© 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.