Published on 4/27/2018 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $2.25 million PLUS with cap tied to Stoxx 50
By Susanna Moon
Chicago, April 27 – Credit Suisse AG, London branch priced $2.25 million of 0% Performance Leveraged Upside Securities due Aug. 5, 2019 linked to the Euro Stoxx 50 index, according to a 424B2 filed with the Securities and Exchange Commission.
If the index finishes above its initial level, the payout at maturity will be par plus 300% of the gain up to a maximum payment of $14.86 per $10.00 PLUS.
Investors will be fully exposed to any losses.
Credit Suisse Securities (USA) LLC is the agent.
Issuer: | Credit Suisse AG, London branch
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Issue: | Performance Leveraged Upside Securities
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Underlying index: | Euro Stoxx 50
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Amount: | $5,405,190
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Maturity: | Aug. 5, 2019
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 300% of any index gain, capped at 48.6%; otherwise, 1% loss per 1% decline
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Initial level: | 3,448
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Pricing date: | April 13
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Settlement date: | April 18
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Agent: | Credit Suisse Securities (USA) LLC
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Fees: | 1.75%
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Cusip: | 22549M152
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