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 2/6/2019 in the Prospect News Structured Products Daily.

New Issue: Credit Suisse sells $300,000 buffered notes due 2020 linked to S&P

Chicago, Feb. 6 – Credit Suisse AG, London Branch priced $300,000 of 0% buffered notes due May 6, 2020 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes above 85% of its initial level, the payout at maturity will be par plus a fixed payment percentage of 7.55%.

Otherwise, investors will lose 1.17647% for each 1% decline beyond the 15% buffer.

J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA are the placement agents.

Issuer:Credit Suisse AG, London Branch
Issue:Buffered notes
Underlying index:S&P 500
Amount:$300,000
Maturity:May 6, 2020
Coupon:0%
Price:Par
Payout at maturity:$1,075.50 per $1,000 of notes if index finishes above 85% of initial level, otherwise a loss of 1.17647% for each 1% decline beyond 15% buffer
Initial index level:2706.53
Buffer level:2300.55, 85% of initial level
Pricing date:Feb. 1
Settlement date:Feb. 6
Agents:J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
Fees:1.12%
Cusip:22551LVZ0

© 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.