Published on 1/10/2018 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $9.13 million leveraged notes linked to S&P 500
By Marisa Wong
Morgantown, W.Va., Jan. 10 – Credit Suisse AG, London Branch priced $9.13 million of 0% leveraged notes due April 10, 2019 linked to the S&P 500 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, subject to a maximum settlement of $1,150 for each $1,000 note. Investors will be fully exposed to any decline in the index.
Credit Suisse Securities (USA) LLC is the agent.
Issuer: | Credit Suisse AG, London Branch
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Issue: | Leveraged notes
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Underlying index: | S&P 500
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Amount: | $9,126,000
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Maturity: | April 10, 2019
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index return is positive, par plus 300% of index return, up to maximum settlement of $1,150 for each $1,000 note; full exposure to any index decline
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Initial index level: | 2,743.15
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Pricing date: | Jan. 5
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Settlement date: | Jan. 12
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Agent: | Credit Suisse Securities (USA) LLC
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Fees: | None
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Cusip: | 22550W4S3
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