Published on 8/10/2018 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse sells $1.25 million six-year protected CS notes on Stoxx
By Susanna Moon
Chicago, Aug. 10 – Credit Suisse AG, London Branch priced $1.25 million of 0% CS notes due Aug. 4, 2021 linked to the Euro Stoxx 50 index, 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.
If the index falls, the payout will be par.
Credit Suisse Securities (USA) LLC is the agent.
| Issuer: | Credit Suisse AG, London Branch
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| Issue: | CS notes
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| Underlying index: | Euro Stoxx 50 index
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| Amount: | $1,247,000
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| Maturity: | Aug. 4, 2021
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 102.5% of index return, floor of par
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| Initial level: | 3,525.49
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| Pricing date: | July 31
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| Settlement date: | Aug. 3
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| Agent: | Credit Suisse Securities (USA) LLC
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| Fees: | 0.5%
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| Cusip: | 22550WYM3
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