E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
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
Issue:Buffered Accelerated Return Equity Securities
Underlying index:Russell 2000
Amount:$5.55 million
Maturity:March 4, 2020
Coupon:0%
Price:Par
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%
Initial index level:1,728.422
Buffer level:1,382.7376, 80% of initial level
Pricing date:Aug. 29
Settlement date:Sept. 4
Underwriter:Credit Suisse Securities (USA) LLC
Fees:None
Cusip:22551L7G9

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.