Published on 9/18/2018 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse sells $5.55 million 18-month Bares linked to Russell
By Marisa Wong
Morgantown, W.Va., Sept. 18 – Credit Suisse AG, London Branch priced $5.55 million of 0% Buffered Accelerated Return Equity Securities due March 4, 2020 tied to the Russell 2000 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 150% of the index return, subject to a maximum payout of par plus 14.15%. Investors will receive par if the index falls by up to 20% and will lose 1.25% for every 1% decline in the index beyond 20%.
Credit Suisse Securities (USA) LLC is the underwriter.
Issuer: | Credit Suisse AG, London Branch
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Issue: | Buffered Accelerated Return Equity Securities
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Underlying index: | Russell 2000
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Amount: | $5.55 million
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Maturity: | March 4, 2020
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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 150% of the index return, capped at par plus 14.15%; par if index falls by up to 20%; 1.25% loss for every 1% decline in the index beyond 20%
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Initial index level: | 1,728.422
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Buffer level: | 1,382.7376, 80% of initial level
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Pricing date: | Aug. 29
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Settlement date: | Sept. 4
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Underwriter: | Credit Suisse Securities (USA) LLC
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Fees: | None
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Cusip: | 22551L7G9
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