Published on 7/21/2017 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse sells $637,000 three-year Bares linked to the Dow
By Marisa Wong
Morgantown, W.Va., July 21 – Credit Suisse AG, London Branch priced $637,000 of 0% buffered accelerated return equity securities due July 3, 2020 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 102.5% of any index gain.
Investors will receive par if the index falls by up to 15% and will lose 1% for each 1% decline beyond 15%.
Credit Suisse Securities (USA) LLC is the agent.
Issuer: | Credit Suisse AG, London Branch
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Issue: | Buffered accelerated return equity securities
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Underlying index: | Dow Jones industrial average
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Amount: | $673,000
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Maturity: | July 3, 2020
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 102.5% of any index gain; par if the index falls by up to 15%; 1% loss for each 1% decline beyond 15%
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Initial index level: | 21,349.63
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Buffer level: | 18,147.1855, 85% of initial level
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Pricing date: | June 30
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Settlement date: | July 6
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Agent: | Credit Suisse Securities (USA) LLC
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Fees: | 1.5%
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Cusip: | 22550B6B4
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