Published on 3/5/2019 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse sells $70,000 CS notes on Credit Suisse US Balanced 5%
By Marisa Wong
Morgantown, W.Va., March 5 – Credit Suisse AG, London Branch priced $70,000 of 0% CS notes due March 2, 2022 linked to the Credit Suisse US Balanced 5% ER index, according to a 424B2 filing with the Securities and Exchange.
If the index finishes above its initial level, the payout at maturity will be par plus 1.55 times the index gain. If the index finishes flat or falls, investors will receive par.
Credit Suisse Securities (USA) LLC is the agent.
| Issuer: | Credit Suisse AG, London Branch
|
| Issue: | CS notes
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| Underlying index: | Credit Suisse US Balanced 5% ER index
|
| Amount: | $70,000
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| Maturity: | March 2, 2022
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 1.55 times any index gain; otherwise, par
|
| Initial level: | 216.7399
|
| Pricing date: | Feb. 25
|
| Settlement date: | Feb. 28
|
| Agent: | Credit Suisse Securities (USA) LLC
|
| Fees: | 3%
|
| Cusip: | 22551LWA4
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